Bachelor in Economics with honors, Dhaka University, Bangladesh. Master of Arts in Economics with honors, Dhaka University, Bangladesh. Master of Arts in Development Economics, Williams College, Williamstown, Massachusetts.
Doctor of Philosophy in Development Economics, Princeton University, New Jersey.
On 12 January 2007, he was appointed as the Chief Adviser (Head of the Government) of the non-party interim caretaker government of Bangladesh, amidst Bangladeshi political crisis in 2006. He continued in that post for nearly two years, a longer than usual time, but new elections were held in 29th December 2008, and the Awami League assumed power based on its majority. He earned a master"s degree in development economics from Williams College in Massachusetts, and a doctorate in economics from Princeton University.
Ahmed started his career as a lecturer of economics in Dhaka University.
Later, he joined the civil service of Pakistan. After the Bangladesh Liberation War, he served the civil service of Bangladesh until 1978.
That year, he joined the World Bank, where he held various positions and rose to Vice President. He resigned from the World Bank to take the post of Governor of the Central Bank of Bangladesh (Bangladesh Bank) on 29 November 2001.
His contract expired on 30 April 2005.
He then became Managing Director of the Palli Karma-Sahayak Foundation (PKSF), the country"s apex micro-finance organisation, beginning on 1 June 2005. On 12 January 2007, President Iajuddin Ahmed swore him in as Chief Adviser to the Interim Caretaker Government, after the former interim government under the President was dissolved. Fakhruddin Ahmed is credited with bringing an end to the anarchy that had threatened to sweep the troubled nation.
In a country widely perceived as one of the world"s most corrupt, Ahmed stressed an anti-graft campaign against the establishment during his tenure.
More than 160 senior politicians, top civil servants, and security officials were arrested on charges of graft and other economic crimes. Ahmed fainted while giving a speech at a tree-planting event on June 3, 2007, apparently due to the heat, and was hospitalized.
He was released from the hospital later the same day and has said that he was well. Following the elections in 2008, a new parliament was formed.
Ahmed has since retired from the public sphere.
Included were former ministers from the two main political parties, the Awami League and the Bangladesh National Party, including former prime ministers Sheikh Hasina and Khaleda Zia, and the former acting prime minister Fazlul Haque.
Married; 1 child.