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Records of the Office of the Chief Economist
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Subject Files of the Director, Policy and Review Department (PRDDR)

This series contains both the incoming and outgoing correspondence of the Director, Policy and Review Department (PRDDR) and his immediate staff. Much of the incoming correspondence is heavily hand annotated by Director Paul Isenman with his reply and/or his comments regarding the disposition of the incoming document. The files also contain agenda and minutes of meetings; drafts of reports, papers, and publications; and Isenman's handwritten notes from meetings. The series consists of the following four parts:

  1. The first and largest (8.83 linear feet) segment is the main subject file, January 1990 - November 1991. It consists largely of files on draft policy papers that the PRD staff reviewed. These files contain Isenman's copies of the correspondence, comments, and minutes of meetings relating to the policy paper throughout the drafting process. Policy subjects covered include: forestry, governance, guarantees (i.e. expanding Bank guarantee instruments for private sector development), human development, military expenditure, poverty, the Soviet economy, technical assistance for the Soviet Union, and policy guidelines on tobacco. Also included are files regarding the review of the Report of the Technical Assistance Review Task Force (TARTF); files documenting the development of Business plans for units in PRE [Policy, Research and External Affairs]; and memoranda and other correspondence, dated January - October 1990, on the transition to establish PRD from the Strategic Planning and Review Department (filed under New Department). Filed under President's Council are agenda and minutes of meetings of the President's Council (PC) along with PRD staff comments on documents that were to be discussed at the meetings.
  • The second segment, Isenman's working file, 1989 - 1991, contains many documents that Isenman annotated as working file or file W. Most of the files relate to subjects that were of short-term interest to PRD, but filed under Policy Research and External Affairs (PRE) Committee are schedules for PRE meetings and minutes and agenda for meetings of the PRE Committee on which Isenman served. Some items filed under lunches and people are dated as early as 1989 when Isenman was director of the Africa-South Central and Indian Ocean Department (AF3).

  • The third segment, January 1990 - August 1991, contains PRD's correspondence with and notes from meetings with PRE managers and the staff in PRD's Program Management Unit (PRDPM) concerning the drafting and monitoring of budgets and work programs for all PRE units. Also included are files on the FY 91 retrospective reviews for PRE units and the FY 92 PRE management contract.

  • The final segment appears to be another working file pulled together as PRD was being abolished. It contains a number of files pulled from the first segment, but the bulk of it consists of thick accordion files in which Isenman filed background materials on topics of current interest or in preparation for attendance at a meeting on the topic. Many include Isenman's handwrittennotes from meetings.

Fact Sheet, Press Release, and Other Materials Concerning the Publication of the 1996 World Debt Table Maintained by the Debt and International Finance Division (IECDF)

This series documents media coverage of the March 1996 release of the sixteenth edition of the World Debt Tables. Included are: copies of the Bank's press release and fact sheet; a transcript of remarks Michael Bruno, Chief Economist, Nawal Kamel, Chief of the Debt and International Finance Division (IECDF), and Masood Ahmed, Director of the International Economics Department, delivered at the National Press Club on March 11; copies of news clippings; and a list of questions and answers relating to the report.

Evaluation Report for SMART (Software for Market Access and Restriction to Trade) Maintained by the Chief, International Trade Division (IECIT)

This series contains a draft and the final version of the report of the joint Bank/United Nations Conference on Trade and Development (UNCTAD) project to evaluate: the development of the SMART [Software for Market Access and Restrictions to Trade] system, the dissemination activities for SMART, and the use that developing countries had made of SMART. These copies of the report were maintained by the Chief of the International Trade Division (IECIT) of the International Economics Department whose staff worked on the project. SMART was a software system to analyze trade, tariffs, and NTBs (nontariff barriers) in OECD [Organization of Economic Cooperation and Development] markets.

International Economic Analysis and Prospects Division (IECAP) Files Relating to the Long Term Surveys of Country Ecoinomics and to the Short-Term Outlook

The Long Term Surveys of Country Economists and Short-Term Outlook were products of the Global Analysis and Prospects Division (EPDGL) under the Economics and Research Staff and its successor, the International Economic Analysis and Prospects Division (IECAP). The Long Term Survey, which was prepared once a year, contained ten-year GDP projections for developing countries and provided key data for the World Development Report. Short-Term Outlook was prepared twice a year for the Executive Board.

Included for the Long Term Surveys are: the results of the second and fourth (1985 and 1987) Surveys and the Guidelines for the second and third (1985 and 1986) Surveys. The Guidelines were sent to Regional Senior Economists and Country Economists and included the Planning Assumptions Committee's projections for the global macroeconomic and financial indicators used in the survey.

The records relating to the Short Term Outlook (STO) include: a January 24, 1989 Statement by the Staff on the Short-Term Outlook which appears to been presented to the Board of Executive Directors; a copy of Stanley Fischer's March 1, 1990 statement to the Board; a summary by Arman M. J. Van Nimmen (EDINU) of the March 1, 1990 Board meeting which was devoted entirely to a discussion of the STO; and a copy of Stanley Fischer's August 2, 1990 introductory statement to the Board regarding the summer STO.

Back-to-Office Reports from Bank Liaison Officers to the Paris Club

These reports were prepared by Bank officials designated to serve as liaison officers to the Paris Club. The Paris Club refers to meetings held since 1956 that have arranged, when necessary, for the renegotiation of debt owed to official creditors or guaranteed to them. Neither the World Bank nor the IMF is a member of the Paris Club, but the IMF has played an important role in developing debt restructure packages with commercial Banks. Both the Paris Club and the commercial Banks require debt or countries to have agreed on a stabilization program with the IMF as part of the renegotiation process.

The reports for Paris Club meetings held from April 1990 to November 1991 were prepared by Per Ljung, Economic Adviser, Economic Advisory Staff (EAS) in the Office of the Senior Vice President, Operations (OPNSV). Reports were addressed to Moeen Quereshi, OPNSV. In a 6 February 1991 memo addressed to all Country Directors and Country Operations Department Chiefs, Ljung announced a change in distribution of theParis Club Back-to-Office Reports (BTOs). Previously, a BTO was distributed to a Country Director only when a country coming under that Director's purview had its debt rescheduled or was among the countries discussed during Tour d'Horizon sessions at the Paris Club Meeting. Future reports were to be distributed to all Country Departments, and separate copies were to be sent to the Director and to the Country Operations Chief. The report covering the 19 November - 22 November 1991 Paris Club meeting was prepared by Ljung and Ljung's successor, Michael Lav, Economic Adviser, EAS [Economic Advisory Staff, later Development Policy Group -DPG] under the Office of the Vice President, Development Economics and Chief Economist (DECVP).

Lav's (or his alternates') BTOs cover meetings attended from December 1991 to December 1993 and were addressed to DECVP. Most of the reports of Lav's successor, Ronald P. Brigish, who served as Operations Adviser, International Economics Department (IEC) were addressed to the Director, IEC. Brigish's reports cover Paris Club meetings attended from January 1994 to December 1995. The BTOs for the January-April 1996 meetings were prepared by Fred Kilby, Economic Adviser, and International Finance Division (IECIF) and were addressed to the Director; IECIF.

The BTOs identify the countries and subjects discussed at each meeting and decisions reached with regard to rescheduling countries' debts. Summaries (by country) of discussions at Tour d'Horizon sessions, copies of the Agreed Minute, copies of statements made at the meetings by representatives of countries requesting debt rescheduling and by various organizations represented at the meetings including the IMF, World Bank, and UNCTAD [United Nations Conference on Trade and Development], and copies of Club correspondence are parts of many of the reports. Some reports are marked Confidential. The Paris Club met monthly except during the month of August or when cancelled.

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