Nepal | July 15, 2020

World Bank Country Office to be upgraded to Sub-Regional Office

Himalayan News Service
Share Now:

KATHMANDU, JUNE 18

Effective July 1, the World Bank Country Office in Nepal will be upgraded to a Sub-Regional Office responsible for country operations in three countries — Nepal, Maldives and Sri Lanka. The Sub-Regional Office has been changed from Sri Lanka to Nepal with the country director for the three countries stationed in Kathmandu.

Faris H Hadad-Zervos, country manager for Nepal Country Office, has been appointed as the country director for Nepal, Maldives and Sri Lanka.

“In this new role, my top three priorities are to: Ensure programmes in all three countries contribute to sustainable growth, jobs, poverty reduction and inclusion; work in close cooperation with development partners to leverage support and results; and lead a diverse and effective country management leadership team and actively participate in the regional agenda,” Hadad-Zervos has said in a media release. “In view of the continued importance of our partnership and programmes in Sri Lanka, a dedicated country manager will be stationed there who will lead the programme under my guidance.”

Meanwhile, Lada Strelkova will serve as portfolio and operations manager out of the Kathmandu Office also effective July 1.

Hadad-Zervos, a US national, joined the World Bank in 1996 with the Private Sector Development Department. He served as manager of the Technical Cooperation Programme with the Gulf Cooperation Countries (2000-03), head of mission for Iraq (2003 2005), operations manager for the West Bank and Gaza (2005-08), acting director for Fragile States in the Operations Department (2010-11) and country manager for Bolivia (2012-15).

In 2008, Hadad-Zervos took a leave of absence from the World Bank to serve as the deputy head of the Quartet Office for the Middle East Peace Process, based in Jerusalem.

Hadad-Zervos holds a Master’s degree in economics from George Mason University, and a Master’s degree in finance from George Washington University.

Meanwhile, Strelkova has served as operations adviser overseeing the World Bank programme in the Western Balkans (2016-20). A Bulgarian national, she joined the World Bank in 1998 as operations officer in the Private and Financial Sector Development Sector Unit of Europe and Central Asia (ECA) region of the World Bank. Since then, she also worked as senior operations officer in the Quality Unit in ECA (2002-03) and in the Results Secretariat of the Operations Policy and Country Services unit (2003-05), as special assistant to the regional vice president for South Asia (2005-07), and as country programme coordinator for the Philippines (2007-11) and the Russian Federation (2011-15).

In her work for the bank, Strelkova brings prior research experience in macroeconomic forecasting, European integration, and international trade, building on her graduate degree and postgraduate work in international economic relations.

A version of this article appears in e-paper on June 19, 2020, of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Manchester United, Marcus Rashford, Premier League

United stay fifth after Saints grab last-gasp leveller

MANCHESTER: Manchester United's Champions League qualification hopes suffered a blow after an equaliser deep in stoppage time from Michael Obafemi earned Southampton a 2-2 draw in the Premier League at Old Trafford on Monday. United, unbeaten in 18 games in all competitions, were poised to m Read More...

Capital budget spending at two-decade low of 40 per cent

KATHMANDU, JULY 13 With just two days remaining for the 2019-20 fiscal year to end, capital budget expenditure throughout the year stands at one of the worst ever at 39.62 per cent. Officials at the Ministry of Finance said capital expenditure during the current fiscal year, which was primaril Read More...

Mayur company resumes bus service in Kathmandu

Kathmandu, July 13 Mayur Yatayat Company resumed its bus services from today in Kathmandu valley amid the COVID-19 pandemic. The decision of Mayur Yatayat has come as a relief to commuters at a time when other public transportation entrepreneurs were refusing to operate their services citing f Read More...

‘Press freedom should involve accountability’

Kathmandu, July 13 Minister of Communications and Information Technology Dr Yubaraj Khatiwada said the CIT Ministry ought to start digitisation first, by utilising the advancement of information technology. As the government has adopted a digital framework, we should become paperless in our activ Read More...

Absconding murder suspect held after 13 years

Kathmandu, July 13 Police have nabbed one of the two prime murder suspects of the much-hyped Sitapaila murder case that had happened 13 years ago. Two workers at a saw mill had allegedly killed its owner, his wife and inflicted serious injuries to their 15-year-old son on the night of 2 Januar Read More...

US debates school reopening, WHO warns 'no return to normal'

MIAMI: The resurgence of the coronavirus in the United States ignited fierce debate Monday about whether to reopen schools, as global health officials warned that the pandemic will intensify unless more countries adopt comprehensive plans to combat it. “If the basics aren’t followed, there is Read More...

landslide

COVID-19 control, disaster management top priorities

Kathmandu, July 13 Tokha Municipality in Kathmandu has set priorities for containment of COVID-19 crisis and disaster management in the budget for the upcoming fiscal year. The municipality that is located in the northern belt of Kathmandu unveiled a budget for Rs 1.58 billion for the fiscal y Read More...

US budget deficit hits all-time high of $864 billion in June

WASHINGTON: The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues. The Treasury Department reported Monday that the deficit hit $864 billion last Read More...