- 1974 - 1991 (Creation)
Level of description
Extent and medium
Name of creator
Moeenuddin (Moeen) Qureshi was born in Lahore, Punjab, British India (now Punjab, Pakistan) in 1930. He received a Bachelor's of Arts (Honours) and a Master of Arts in economics from the University of Punjab. Qureshi also received a Ph.D. in economics from Indiana University, Bloomington, IN.
Prior to joining the World Bank, Qureshi was employed by the International Monetary Fund (IMF) in a variety of senior economic and operational adviser roles from 1958 to 1970. In 1970, Qureshi joined the World Bank Group's International Finance Corporation (IFC), and served as an Economic Adviser until 1974. Qureshi's subsequent roles in the World Bank Group included:
- Vice President, IFC, 1974-1977;
- Executive Vice President, IFC, 1977-1979;
- Executive Vice President, IFC, and Vice President Finance, International Bank for Reconstruction and Development (IBRD), 1979-1980;
- Senior Vice President Finance, IBRD, and Executive Vice President, IFC, 1980-1981;
- Senior Vice President, Finance (SVPFI), 1981-1987; and
- Senior Vice President, Operations (SVPOP), 1987-1991.
In November 1991, Qureshi retired from the World Bank.
After his retirement from the World Bank, Qureshi co-founded the private equity firm Emerging Markets Partnership (now EMP Global LLC). In 1993, Qureshi served as the interim Prime Minister of Pakistan before returning to New York to establish the private hedge fund equity, EMP Global where he served as Chairman and Managing Partner for EMP Global LLC. He died on November 22, 2016 at his homein Washington, D.C.
Immediate source of acquisition or transfer
Content and structure area
Scope and content
The sub-fonds includes an extensive compilation of subject file records covering Qureshi's career in the World Bank from 1974 to 1991. Although it is most voluminous for the period during which Qureshi was Senior Vice President for Operations, it also contains documentation of his service as Executive Vice President, IFC, and Senior Vice President of Finance, IBRD. Records include memoranda, correspondence, Bank issuances, copies of Qureshi's speeches and articles, press releases and clippings, and Qureshi's own detailed handwritten notes, minutes, and comments. Of note are "Board Papers" filed under a particular topic. These records contain all the reports presented to or issued by the Bank's Board of Executive Directors regarding a given topic.
Subject file topics include: debt; debt reduction; lending programs; capital increases; co-financing; IDA replenishments; overdue service payments; sectors; development of operations policy; Operations Evaluation Department (OED) project performance results; and cooperation with the International Monetary Fund (IMF) and the United Nations (UN). Administrative topics include: budget issues, processes, and guidelines; Operations Complex staffing, budget, and business planning; computer support; and managers' retreats. Among the Bank-wide issues covered by the records are relations with China; relations with the Palestinian Liberation Front; currency pooling; special drawing rights; the Persian Gulf crisis; private sector development; and women in development.
The sub-fonds also includes Qureshi's correspondence with Bank Presidents Robert McNamara, A. W. Clausen, and Barber Conable. Although he kept this correspondence in a single chronological series, the nature of the files changes somewhat with each President. Records from the McNamara era include: copies of notes and memoranda sent by or through Qureshi to McNamara; copies of letters forwarded by Qureshi to McNamara for his signature; letters forwarded to McNamara by others and copied to Qureshi; copies ofletters and memoranda McNamara sent to others and copied to Qureshi; and memoranda "to the files" summarizing important meetings that McNamara held with others and that Qureshi attended as an observer and/or recorder. Many of Qureshi's memoranda to McNamara were returned with extensive handwritten comments and/or replies from McNamara. In many cases, a typed version of McNamara's handwritten comments are also attached to the incoming correspondence from him.
Records from the Clausen era primarily consist of: copies of letters Clausen sent to others and copied to Qureshi; copies of memoranda and notes sent by or through Qureshi to Clausen; and copies of letters Qureshi and his staff prepared for Clausen's signature.
Records from the Conable era include: copies of letters Conable sent to others and copied to Qureshi; copies of memoranda and notes sent by or through Qureshi to Conable; and copies of correspondence Qureshi and his staff prepared for Conable's signature. None of Qureshi's correspondence toConable were returned with the President's comments. Memoranda and notes that Conable sent directly to Qureshi are filed in Qureshi's subject file records.
The sub-fonds also includes administrative circulars and For Your Information (FYI) announcements maintained by Qureshi from the years 1973 to 1991. Administrative circulars and FYI announcement documents were circulated Bank-wide, and provided announcements of senior staff appointments, organizational and procedural changes, and Bank-wide initiatives.
Appraisal, destruction and scheduling
System of arrangement
The following arrangement is provisional. Records are arranged into three series:
- Subject files
- Correspondence between Moeen Qureshi and World Bank Presidents
- Administrative Circulars and For Your Information (FYI) announcements
Conditions of access and use area
Conditions governing access
Conditions governing reproduction
Language of material