The former Finance Secretary was appointed Election Commissioner in January 2018.
The agency further said that Lavasa led the Indian delegation in the climate change negotiations for the Paris Agreement and was instrumental in finalising India's nationally determined contributions, which included a major role of the private sector.
"At both policy and project levels, he made significant contributions to the inclusion of the private sector in many development programs in India for different sectors such as energy, agriculture, finance, and infrastructure. As Joint Secretary in the Department of Economic Affairs, he worked closely with many ADB projects that had private sector components," it said.