Starting today, Gevorg Sargsyan assumes the role of World Bank Group Country Manager for Sri Lanka. This newly created position aims to unify country-level leadership across the institution, enhancing support for Sri Lanka’s public and private sector priorities. The role offers a single point of contact for accessing the full range of World Bank Group products and services, thereby improving the institution's ability to address global challenges and drive development with greater 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. “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 to support in overcoming the current challenges and building a prosperous and resilient country.”
In Sri Lanka, the World Bank Group focuses on implementing foundational reforms that restore macroeconomic stability and sustainability, mitigate impacts on the poor and vulnerable from current and future shocks, and support an inclusive recovery led by the private sector. These priorities are outlined in the World Bank Group’s Country Partnership Framework for Sri Lanka for 2024-2027.
Mr. Sargsyan brings over two decades of diverse experience since joining the World Bank in 2000. His career includes roles as Country Manager and Manager of Operations in Europe, Central Asia, East Asia; Program Manager for Climate Finance; Global Lead for Clean Energy; and most recently as Country Manager for Ukraine based in Kyiv.
The introduction of joint country representation is seen as an important step towards strengthening the World Bank Group. Sri Lanka is one of 21 offices transitioning to a single World Bank Group Country Manager or Resident Representative for various arms including IBRD, IDA, IFC, and MIGA.
The World Bank Group aims to create a world free of poverty on a livable planet. Operating in more than 100 countries, it provides financing, advice, and innovative solutions that enhance lives by creating jobs, fostering economic growth, and addressing urgent global development challenges. It comprises several entities including IBRD, IDA; IFC; MIGA; and ICSID.
For more information visit www.worldbank.org , www.miga.org , or www.ifc.org.