Karaosmanoğlu born in Manisa in 1931 after graduating from the Faculty of Political Sciences, earned a doctorate at the Faculty of Economics at Istanbul University. This is followed by a temporary membership to teaching at Harvard and New York University Department of Economics, Planning, OECD Senior Planning Office of Science and Technology has made. In April 1966, the World Bank entered.
1971 called for the Prime Minister Nihat Erim side of the deputy prime minister in Turkey in 1972 , together with the group known as the government of technocrats has resigned from this position and returned to the World Bank. All in all the World Bank has worked for 27 years for a total of 5 and 22 years. Rose to Vice President of the World Bank.