On 11 January 2007, Dr. Iajuddin Ahmed resigned from his position as Chief Advisor of the Caretaker Government, having already received the resignations of his advisors. He retained his position as president and responsibilities for the Defense Ministry in the caretaker government. He issued a statement acknowledging that the Election Commission and his government had been unable to achieve an election. He appointed the former Justice Fazlul Haque as Interim Chief Advisor and imposed a state of emergency. The next day, in consultation with the military, Ahmed appointed Fakhruddin Ahmed as the new Chief Advisor. He is a prominent banker who had been with the World Bank and Bangladesh National Bank.