An Armenian national, Sargsyan continues with this expanded role with over twenty years of experience, joining the World Bank in the 2000s.
World Bank
In a statement published on 1 July 2025, the World Bank has announced Gevorg Sargsyan's expanded role as the groups Country Manager for the Maldives. This expansion comes after Sargsyan served as the Country Manager for the Maldives since last year.
With the expanded role, Sargsyan will also oversee the operations of the World Bank Group’s private sector arms – the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) in Maldives.
In addition to this role in the Maldives, Sargsyan is also serving as the Country Manager for the World Bank Group in Sri Lanka. An Armenian national, Sargsyan continues with this expanded role with over twenty years of experience, joining the World Bank in the 2000s. Since joining the organization, Sargsyan 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. Unifying the World Bank 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.
With this new expanded role, the World Bank is aiming to consolidate country-level leadership across the institution, providing a single point of contact for access to the full breadth of World Bank Group to better support both public and private sector priorities in Maldives.
