Gevorg Sargsyan Announced as World Bank Group Country Manager for Sri Lanka

COLOMBO, July 1, 2024— Starting today, Gevorg Sargsyan becomes the World Bank Group Country Manager for Sri Lanka, a position that will unify country-level leadership across the institution to better support Sri Lanka's public and private sector priorities. This newly created position provides a single point of contact for access to the full breadth of World Bank Group products and services and will enhance the institutions' ability to address global challenges, and drive development with speed, efficiency, and impact.

"Sri Lanka is navigating a unique set of challenges, marked by its journey towards economic recovery, heightened poverty and the impacts of climate change, all of which necessitate substantial reforms to protect its economy and people," said Gevorg Sargsyan, World Bank Group Country Manager for Sri Lanka. "My priority is to strengthen the dynamic collaboration among the Bank Group institutions in Sri Lanka, to improve our speed and make us a better partner to the government, the private sector, and the Sri Lankan people in overcoming the current challenges and building a prosperous and resilient future."

In Sri Lanka, the World Bank Group works to help implement foundational reforms that restore macroeconomic stability and sustainability, mitigate the impact of current and future shocks on the poor and vulnerable, and support an inclusive and private-sector-led recovery and growth path. These priorities are reflected in the World Bank Group's Country Partnership Framework for Sri Lanka for 2024-2027.

Sargsyan, an Armenian national, joined the World Bank in 2000, bringing over two decades of diverse experience to the role. His career at the World Bank includes serving in various capacities, notably as Country Manager and Manager of Operations in Europe, Central Asia and East Asia, as well as Program Manager for Climate Finance and as Global Lead for Clean Energy. His most recent assignment was as Country Manager for Ukraine, based in Kyiv.

The introduction of joint country representation is an important step towards building a stronger World Bank Group. Sri Lanka is one of 21 World Bank Group offices transitioning to a single World Bank Group Country Manager or Resident Representative for the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).

About the World Bank Group: The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries. It consists of the World Bank, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). For more information, please visit www.worldbank.org , www.miga.org , and www.ifc.org.