A. W. Clausen became World Bank President in July 1981 and served a full five year term. Shortly after he became President, Clausen established a Managing Committee to provide overall administrative and programmatic control of the Bank's activities. The records of the Clausen presidency are best approached through the official files of this Managing Committee, which provide comprehensive documentation on virtually all issues before the Bank during those years. Both Clausen's personal records of the Committee as well as the Committee's official records are part of this sub-fonds.

Clausen was President during the world debt crisis of the early 1980s, and throughout the files are documents about the issues of debt management and the Bank's programs of sectoral and structural adjustment. Discussions of a multilateral investment insurance program began during the Clausen years, which culminated in the establishment of the Multilateral Investments Guarantee Agency (MIGA) after Clausen left office. Both the Special Assistance Program for countries coping with the global recession and the Special Facility for Africa to provide policy reform assistance in sub-Saharan Africa were launched during Clausen's tenure, and the Clausen years saw a growing emphasis on programs in agricultural and rural development and environmental management, among others. Evidence of Clausen's personal interest in these issues can be found throughout the records, but particularly in the extensive set of alphabetical subject files that show Clausen's involvement with issues and organizations. Clausen's views are also evident in the chronological file of his outgoing correspondence during his entire time in office.

The country files and the itinerary files on official trips are good sources of information on the Bank's relationship with and the economic situation in the member countries. The records include photographs of Clausen's visits to countries and to World Bank projects.

This series contains the records of Eugene R. Black as U.S. Executive Director at the World Bank, 1947-1949, and President, 1949-1962. They are arranged in five file categories: general correspondence, congratulatory correspondence, honorary degrees, speeches, and travel.

The general correspondence file contains exchanges with U.S. and foreign government officials (especially U.K. officials), private bankers, lawyers, foundation officials and friends, arranged alphabetically by surname of correspondent. Among the notable correspondents are U.S. President Dwight Eisenhower, U.S. Senators J.W. Fulbright and Hubert Humphrey, British Prime Minister Harold McMillan, and U.N. Secretary General Dag Hammerskjold. The alphabetical correspondence file is followed by one file marked personal action covering the period from September through December 1960; it contains letters congratulating Black on the publication of his book, The Diplomacy of Economic Development, and wishing him recovery from surgery.

The congratulatory correspondence concerns Black's appointment as Executive Director and subsequent appointment and reappointments as President of the World Bank.

A single file contains correspondence on honorary degrees awarded to Black.

The speech file contains letters of invitation and appreciation and, in some cases, the texts of the speeches. Speeches given include commencement addresses, lectures to professional associations and private organizations, and addresses to the UN Economic and Social Council.

Thetravel file contains correspondence relating to tours Black took as U.S. Executive Director and as Bank President to familiarize himself with present and future member countries' economic and political situations and to meet national leaders. It includes letters of invitation, itineraries, thank you notes, as well as letters and memoranda on the purposes and results of particular trips. Two files contain the records of Black's 1948 trip to Indonesia (then the Netherlands East Indies) shortly before it obtained independence, including background material on Indonesia's economy and recent political developments, newspaper articles, UN documents, photographs, and letters from government officials, business executives and Black evaluating the situation in Indonesia. Other travel files contain information on the Bank's role in the settlement of the Suez Canal dispute (1958-1959).

The subfonds contains correspondence between President Wolfensohn and both internal and external parties as well as briefing materials authored by the Office of the President (EXC) and other World Bank Group units in support of the president's various activities. Audio-visual documentation of his travel and participation in internal and public events is also included as are records relating to the scheduling of the president's daily activities. Records relating to the president's advisers are also arranged in this subfonds. Languages used in the records have been included at the series level to the extent possible but is not exhaustive as a full review of all the records in this subfonds has not been undertaken.

The records of President McCloy consist of incoming and outgoing correspondence between President McCloy, the U.S. Executive Director of the Bank, U.S. political leaders, U.S. public officials, and prominent business leaders. The correspondence address topics of Bank operations and lending.

The records of the Presidency of George D. Woods (January 1963 until April 1968) primarily concern international relations, including both briefings and travel. The correspondence file, while small, has several unusually revealing items, as do the retained copies of outgoing letters and memoranda. The background papers on each country that are found in the annual meeting briefing files provide useful snapshots of the situation of that country at that time.

Robert S. McNamara became World Bank President on April 1, 1968 and served 2 full five year terms and a partial term, leaving on June 30, 1981. The records are a very full account of his long and active presidency. Every part of the world is reflected in these records, as well as virtually every economic issue of the 197