Bindu N. Lohani was announced as the latest Vice-President to be appointed for the Asian Development Bank (ADB). He takes up his position in April 2007, succeeding incumbent Khempheng Pholsena.
The Vice Presidency for Finance and Administration includes responsibility for the Office of the Secretary, Office of the General Counsel, Budget, Personnel, and Management Systems Department, Office of Administrative Services, Controller’s Department, Treasury Department, and Office of Information Systems and Technology. Bindu joined the ADB in 1985 and has worked in a range of departments, including the Infrastructure, Energy, and Financial Sectors. He is convinced that the future is bright for the development of the continent. “Asia has been and will be in the foreseeable future a driver for much of the world’s economic growth. The region’s annual rate of growth has been averaging more than 5%, compared with about 3% per year for the world as a whole,” he said. Bindu warned that with growth come problems such as urban overcrowding and an increasing demand for energy, that leads to pollution which in turn has negative impacts on the health of the population. He remains optimistic about the ability of the region to adapt. He asserted, “It is our collective responsibility to identify and follow a sustainable path to economic development.”
Prior to working with the ADB, Bindu has worked as a consultant to various UN agencies and international firms. He gained a Bachelor’s degree from the Birla Institute of Technology and Science in India and Master’s degree in Environmental Engineering with a Phi Kappa Phi Award from the North Carolina State University, USA. He holds a Doctorate in Environmental Engineering from the Asian Institute of Technology in Thailand, and has also completed several senior executive-management programs organized by the government of his native Nepal, the University of Chicago Business School, Cornell University and Arthur D. Little. He is a foreign associate of the National Academy of Engineering of the USA.
In the future, Bindu hopes to use his role to reduce poverty and achieve sustainable growth in Asia. “I remain optimistic that – through our combined efforts – rapid progress can and will be achieved,” he said.