MALE¡¯, July 1, 2025¡ªGevorg Sargsyan, who has been serving as the ÐÓ°ÉÂÛ̳ Country Manager for Maldives since last year, has now taken on an expanded role. In addition to the ÐÓ°ÉÂÛ̳, he will oversee the operations of the ÐÓ°ÉÂÛ̳ Group¡¯s private sector arms ¨C and in Maldives. This move consolidates country-level leadership across the institution, providing a single point of contact for access to the full breadth of ÐÓ°ÉÂÛ̳ Group to better support both public and private sector priorities in Maldives.
An Armenian national, Sargsyan is also serving as the Country Manager for the ÐÓ°ÉÂÛ̳ Group in Sri Lanka. With over twenty years of experience, he has been with the ÐÓ°ÉÂÛ̳ since 2000 and has held various positions such as Country Manager for Ukraine and Belarus, Manager of Operations for Southeast Asia, and Global Lead for Clean Energy.
¡°Maldives has immense potential for private sector-led growth. While tourism is driving impressive economic expansion, the country does face significant fiscal and external headwinds. In this expanded role, my priority is to enhance and broaden our partnerships to enable the private sector to be the driving force behind Maldives achieving a sustainable and resilient economic future,¡± said Gevorg Sargsyan, ÐÓ°ÉÂÛ̳ Group Country Manager for Maldives. ¡°Unifying the ÐÓ°ÉÂÛ̳ Group¡¯s presence will make us a faster, more effective partner for our key stakeholders, enabling us to support job creation, strengthen fiscal resilience, and foster a more inclusive and climate-adaptive economy for the benefit of all Maldivians.¡±
ÐÓ°ÉÂÛ̳ Group is currently implementing the five-year covering the period from 2024-2027, with a focus on strengthening fiscal and climate resilience, increasing access to economic opportunities, and improving human capital outcomes to encourage private sector investment and drive economic transformation.
The introduction of joint country representation is an important step towards building a stronger ÐÓ°ÉÂÛ̳ Group. Maldives is among 41 ÐÓ°ÉÂÛ̳ Group offices transitioning to a single 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 ÐÓ°ÉÂÛ̳ Group: ÐÓ°ÉÂÛ̳ Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the ÐÓ°ÉÂÛ̳ Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global development challenges. ÐÓ°ÉÂÛ̳ Group is one of the largest sources of funding and knowledge for developing countries. It consists of the ÐÓ°ÉÂÛ̳, 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, , and .
