Kathmandu, May 8

Faris Hadad-Zervos, an American citizen, has assumed charge as World Bank’s new country manager for Nepal, according to the World Bank Nepal office.

Hadad-Zervos, joined the bank in 2001 in the Middle East and North Africa region. He has since held various management positions, with his most recent assignment being country manager for Malaysia.

“I consider it a privilege and an honour to serve Nepal during these very exciting times,” a statement released by World Bank Nepal office quoted Hadad- Zervos as saying. “I look forward to contributing to the excellent partnership we have built over the last 50 years.”

Hadad-Zervos was selected to this position through the bank-wide competitive managerial selection process