Monday 26th October 2020

Faris Hadad Becomes WB’s New Director for Nepal, Maldives and Sri Lanka

He will be overseeing the current total portfolio of around USD 5.5 billion.
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Faris Hadad Becomes WB’s New Director for Nepal, Maldives and Sri Lanka

The World Bank has announced Mr. Faris Hadad-Zervos as the new Country Director for Nepal, Maldives and Sri Lanka.

Mr. Faris will lead the World Bank support to Nepal, Maldives and Sri Lanka from the sub-regional office based in Kathmandu, Nepal. He will be overseeing the current total portfolio of around USD 5.5 billion.

Succeeding Ms. Idah Z. Pswarayi-Riddihough, Mr. Faris will be taking on a new World Bank assignment. Before this, he worked as the World Bank Country Manager for Nepal.

Since his joining in the World Bank in 1996, Mr. Hadad-Zervos served as Country Manager for Malaysia and Bolivia, Technical Cooperation Program Manager for the Gulf Cooperation Countries, Head of the Mission for Iraq, and Operations Manager for Gaza.

World Bank

Mr. Faris’s appointment comes at the time when the three countries are striving to address the health and socio-economic implications of the coronavirus pandemic.

“It is critical to protect lives and livelihoods and support economic recovery as countries are fighting the impacts of the COVID-19 crisis,” said Mr. Hadad-Zervos.

“My first priority is to ensure that World Bank-financed programs help alleviate the health and economic impacts of COVID-19, create jobs, and foster inclusive and sustainable growth in the Maldives, Nepal and Sri Lanka, and I look forward to working with governments, development partners, the private sector, and civil society,” he added.

So far, the World Bank has mobilized over USD 350 million funds to Nepal, Maldives and Sri Lanka to help them prevent, detect and respond to the coronavirus pandemic.

Also Read: Meet the top 10 richest People in Nepal

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