Effective 1 July, the World Bank Country Office in Nepal will be upgraded to a sub-regional office responsible for country operations in Maldives, Nepal and Sri Lanka. Faris Hadad-Zervos is Country Director for the sub-regional office operating out of Kathmandu. In addition, Lada Strelkova has been appointed Portfolio and Operations Manager out of the Kathmandu Office, and will lead the daily operations and management of the Nepal Country Office.