US-educated economist widely respected for his efforts to clamp down on corruption.
Served as finance minister from 2002-2005 and in the Palestinian unity government in March 2007.
Israeli newspaper Haaretz dubbed him "everyone's favourite Palestinian."
Fayyad declined an offer to join the Hamas government.
Previously worked for the World Bank and International Monetary Fund (IMF).
Briefly worked at the Arab Bank as its chief representative in the West Bank.
Received a bachelor of science in engineering from the American University of Beirut.
Obtained a masters in business administration and a doctorate in economics from the University of Texas.