Press Releases


Jannette Esguerra
Phone:  (202) 458-5204
Fax:  (202) 974-4384

WASHINGTON, D.C., July 13, 1998 --- Mr. Mohsen Khalil has been appointed Director of the Central Asia, Middle East, and North Africa department of IFC. Mr. Khosrow Zamani has been named Associate Director.
Mr. Khalil, a dual U.S. and Lebanese national, joined the World Bank’s Industry department in 1986. In 1988, he moved to the Africa Technical department and a year later he transferred to IFC as a senior investment officer in the Europe and Middle East department. In 1992, he took up duties in the Corporation’s new Telecommunications division of the Infrastructure department. He was named chief investment officer of IFC’s Telecommunications, Transportation, and Utilities department in 1997.
Before joining the World Bank Group, Mr. Khalil served as chief advisor to the Lebanese Minister of Post and Telecommunications, was a director of Lebanon’s Autonomous Fund for Housing, and advised various governments and major corporations in the region. Mr. Khalil has taught business at the American University in Beirut and worked with McKinsey & Co. Management Consultants, NASA Goddard Space Flight Center, and MITRE Corporation. Mr. Khalil holds an M.Sc. in management from MIT Sloan School of Management and a Ph.D. in electrical engineering from the University of Southern California, among other degrees.
Mr. Zamani, who is Iranian, joined the World Bank’s Industrial Projects department in 1980. In 1986, he transferred to IFC as senior investment officer in the Europe and Middle East department. In 1992, after a year away to pursue private business interests, he was promoted to principal investment officer and was assigned later that year to be IFC’s resident representative in Turkey. He returned to Washington in 1994 as chief investment officer for Russia. In 1996, he became a manager in the Europe department.
Mr. Zamani joined the World Bank Group after serving as managing director of the National Iranian Investment Company (1979), and deputy managing director of the Industrial Credit Bank of Iran (1973-1978). He has also held teaching positions at the Teheran University of Technology. He has an M.Sc. in engineering from the Case Institute of Technology and an MBA from Warwick University.
Mr. Andre Hovaguimian, who was IFC’s director for the region, has left IFC to join the private sector.
IFC, part of the World Bank Group, fosters economic growth in the developing world by financing private sector investments, mobilizing capital in the international financial markets and providing technical assistance and advice to governments and businesses.
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