World Bank President Robert Zoellick has appointed Egyptian Minister of Investment Mahmoud Mohieldin as the agency’s managing director.
“Mahmoud Mohieldin has proven himself a tireless reformer whose work on economic and financial reform helped Egypt weather the global financial crisis,” Zoellick said in press release. ”An outstanding young leader, his first hand experience of development and of the World Bank – both as Minister and as World Bank Governor -will serve us well as we undertake our own reform program and scale-up our client focus.”
Mohieldin will oversee the offices leading the bank’s knowledge development, including those covering finance and private sector development, sustainable development, poverty reduction and economic management, and human development, as well as the World Bank Institute.
He will join the bank on Oct. 4, 2010.