Nabil C Faltas

A former member of the World Bank Pension Finance Committee, Nabil C. Faltas (now deceased) possessed vast global experience in the financial industry. He worked in numerous countries in Africa and the Middle East, as well as in Asia and Latin America. Throughout his travels, Nabil C. Faltas had many occasions to perfect his skills in multiple languages, including French, Arabic, Portuguese, Chinese, German, and Turkish. Nabil C. Faltas studied at numerous prestigious American institutions, including Georgetown University, Harvard University, and the University of California, Berkeley, where he earned his PhD with a focus on management of R&D for large-scale systems and the economics of higher education. He also completed a research fellowship with the United Nations Institute for Training and Research (UNITAR). After joining World Bank, Nabil C. Faltas served the company in various roles, beginning as a project officer of the Population and Public Health Department and eventually becoming a senior loan officer. Following his work with World Bank, he accepted a position as senior investment officer of the Europe Investment Department for the International Finance Corporation. In his most recent position, Mr. Faltas served the company as its chief of special operations.

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Nabil C. Faltas - Endeavors of the International Finance Corporation

Deceased financial professional Nabil C. Faltas dedicated the majority of his career to assisting the World Bank Group on its mission to end poverty around the globe. Prior to his passing, Nabil C. Faltas served as chief of special operations for the International Finance Corporation. A multilateral development bank, the International Finance Corporation contributes to the World Bank Group's mission of alleviating poverty and promoting the open market. Possessing more than US$77.5 billion in assets and generating a 1.3% return on assets in 2013, the International Finance Corporation provides loans, consultants, and technical support to companies in developing countries. More than 180 countries belong to this organization. Every year, the International Finance Corporation engages in numerous projects. In late March 2014, it finalized an equity investment with Philippine Resources Savings Banking Corporation. Amounting to US$14.4 million, this deal allows the rural commercial bank to better fund small to mid-sized businesses throughout the region. In exchange for a stake in the financial institution, the International Finance Corporation will provide capital, which includes equity and long-term funding; access to its experts; and advice on best practices in rural banking and corporate governance.

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Nabil Faltas - The World Bank Group's Young Professionals Program

Prior to his passing, Nabil Faltas served as the chief of special operations for the International Finance Corporation, a division of the World Bank Group. In this role, he created restructuring and recovery strategies for countries in Africa, Europe, and the Middle East. Early in his career, Nabil Faltas joined the organization through the World Bank Group's Young Professionals Program. Founded in 1944, the World Bank Group seeks talented individuals to contribute to its mission of ending poverty and increasing prosperity in developing nations. One way the organization recruits for its 120 offices is through the Young Professionals Program. This initiative is opene to persons under the age of 32 with an advanced degree and three years of experience in a field relevant to the World Bank Group's endeavors, such as social sciences, engineering, urban planning, or economics. While the ability to speak more than one language is not essential, it is considered an advantage. Only 40 people are accepted into the Young Professionals Program every year, and they take part in a 24-month structured training program. Receiving on-the-job experience, they are sent to various countries to take part in field assignments. The World Bank Group gives its Young Professionals opportunities to engage in their personal professional interests and receive guidance from previous program graduates. Moreover, they receive salaries, benefits, and relocation expenses for their efforts.