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World Bank Announces New Country Manager for Maldives

Gevorg Sargsyan_SL CM
WASHINGTON, July 1, 2024—Mr. Gevorg Sargsyan is the World Bank’s new Country Manager for Maldives.

Mr. 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.

“I am looking forward to working closely with our partners and stakeholders in Maldives,” said Mr. Sargsyan. “My priority is to strengthen the World Bank’s robust partnership with the Maldivian government, to support the country in implementing its home-grown economic reforms, and to create the space for investments in people, climate and infrastructure that the Maldives needs to build a resilient economy.”

In his new role, Mr. Sargsyan will oversee a total portfolio of around $217 million and the implementation of the World Bank's Country Partnership Framework for Maldives, which aims to support the country's development priorities.

About World Bank in Maldives: The World Bank and Maldives share a strong partnership of over 45 years. The current World Bank program in Maldives includes 10 projects financed by the International Development Association (IDA), one regional project and one IDA guarantee operation for a total net commitment of $217 million. The projects are focused on renewable energy, competitiveness and growth, youth resilience and employability, digital development, urban development, solid waste management, COVID-19 response, fisheries, labor, health, education, and social protection. The World Bank also provides analytical support in macro fiscal monitoring, policies and analysis, financial sector, social protection, and poverty.


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