Dr. Ishrat Husain

Professor Emeritus and Chairman CEIF Department: Economics Professional Activities: On-board Status: Available

Work Experience

  • Chairman at Centre for Excellence in Islamic Finance (Mar2016 to PRESENT)
  • Professor Emeritus at IBA (Mar2016 to PRESENT)
  • Dean and Director at Institute of Business Administration, Karachi (May2008 to Mar2016)
  • Chairman Completed a comprehensive report on the restructuring of the Federal ,Provincial and District Governments, reform of Civil services, business process reengineering and presented it to the Prime Minister of Pakistan. at National Commission for Government Reforms – NCGR (May2006 to May2008)
  • Governor Headed the Central Bank of Pakistan. Actively participated in the conceptualization, formulation and implementation of a successful Economic Reform Programme for the country that led to macroeconomic stabilization and resumption of economic growth. Was responsible for the Financial Sector Reforms that strengthened the Country’s financial institutions, markets and infrastructure. Led the restructuring and capacity building of the State Bank of Pakistan that resulted in a strong regulatory framework. at State Bank of Pakistan, Karachi (Dec1999 to Dec2005)
  • Director Azerbaijan, Tajikistan, Uzbekistan, and Aral Sea Country Unit Overall responsibility for the design and management of the Bank Group`s program in Azerbaijan, Tajikistan and Uzbekistan. Oversight of country teams on preparation and supervision of all projects in the three countries. Lead Bank`s Policy Dialogue on Macroeconomic and Structural Adjustment Issues. at World Bank, Washington, D.C. (Jul1997 to Dec1999)
  • Director, Poverty and Social Policy Department Managed and directed the Bank`s policy process on the issues of poverty reduction, gender, labor markets, public sector and participation. Led the Bank’s pioneering work on PostConflict Reconstruction issues and directed the Board Paper setting out parameters of Bank’s assistance in this area. at World Bank, Washington, D.C. (Jul1995 to Jun1997)
  • Chief Economist, East Asia and Pacific Region Carried out an extensive review of Bank`s economic and sector work and analytical studies on East Asia Region. Advised the Regional Managers in designing economic policy analysis pertaining to countries in East Asia Regio at World Bank, Washington, D.C. (Nov1994 to Jun1995)
  • Chief Economist Africa Region Chief Economic Advisor to the Regional Vice President and Regional Managers on country strategy, economic and sector work and adjustment lending in African countries. Assisted the Regional Vice President in formulating economic development strategies for SubSaharan Africa. Worked with research complex of the Bank and outside academic institutions and provided intellectual leadership on analysis of key African economic development issues, particularly the agenda on Adjustment and Reforms. at World Bank, Washington, D.C (Jul1991 to Oct1994)
  • Division Chief, Debt and International Finance Managed the Bank`s Debtor Reporting System the database on external debt of 111 developing countries. Managed the Bank`s Technical Assistance to developing countries on External Debt Management. Participated in the formulation of the Bank`s policy response to the Brady Initiative of Debt Reduction for Highly Indebted Countries. Managed the Bank`s research and analytical work on International financial issues relating to developing countries. at World Bank, Washington, D.C (Aug1987 to Jun1991)
  • Resident Representative in Nigeria Led Bank learn in the formulation, preparation, implementation, negotiation, and supervision of Nigeria`s Structural Adjustment Program of comprehensive macroeconomic policy reforms and assisted in the processing and monitoring of Bank`s Trade Policy and Export Development Loan. Participated in the development of Bank`s lending program to Nigeria from $119 million in FY85 to $800 million in FY87 and assisted in the implementation of the program. Led Bank`s policy dialogue with the Nigerian authorities on key macroeconomic management and sectorial issues and provided informal advice and technical assistance to policy makers. Responsible for coordinating and strengthening the Bank`s relations with Nigerian authorities and expanding the relations with state governments, private sector, academia and the media. at World Bank, Lagos (Dec1983 to Aug1987)
  • Senior Economist, West Africa Country Programs Division for Ghana Assisted the Government of Ghana in introducing their Economic Recovery Program (ERP) in 1983, which consisted of radical policy changes including a substantial devaluation (900%) of currency. Organized the Consultative Group for Ghana in October 1983 after a lapse of 13 years in which foreign donor’s committed financial and technical support to Ghana for ERP. Provided informal technical assistance and policy advice to the Minister of Finance in the articulation and implementation of ERP. Prepared and led the appraisal `of the Reconstruction Import Credit to Ghana in support of economic reforms. at Liberia and Sierra Leone, World Bank (Feb1981 to Dec1983)
  • Country Economist for Liberia Prepared the Country Economic Memorandum on Liberia. Assisted the Government in preparation of Second Development Plan. Assisted the Government in Paris Club debt rescheduling. Carried out indepth studies of public enterprises and foreign investment in Liberia. at World Bank (Feb1979 to Feb1981)
  • Additional Secretary (Development) Analyzed and reviewed developments in the national and provincial economic situations with a view to suggest policy measures to the Cabinet. • Management of the preparation of sectorial reviews and economic situation reports for the Provincial Cabinet and the Federal Government. • Supervised preparation of basic economic projects and social indicators for the Province including the Gross Provincial product estimates. • Supervised financial and economic appraisal of development projects and chaired the approval meeting of the Provincial Development Working Party. • Head of Regional Planning project for the Province of Sind. at Planning and Development Dept, Govt of Sind, Pak. (Apr1975 to Aug1976)
  • Acting Chief Economist Analyzed and reviewed developments in the national and provincial economic situations with a view to suggest policy measures to the Cabinet. • Management of the preparation of sectorial reviews and economic situation reports for the Provincial Cabinet and the Federal Government. • Supervised preparation of basic economic projects and social indicators for the Province including the Gross Provincial product estimates. • Supervised financial and economic appraisal of development projects and chaired the approval meeting of the Provincial Development Working Party. • Head of Regional Planning project for the Province of Sind. at Planning and Development Dept, Govt of Sind, Pak. (Feb1973 to May1973)
  • Deputy, & then, Additional Secretary(Development) Prepared and later supervised financial and economic analysis, appraisal and evaluation of development projects. • Responsible for formulating and analyzing tax policy and preparing proposals for the consideration of the Cabinet. • Prepared annual economic analysis of the budget document based on the U.N. system. at Finance Department, Government of Sind, Pakistan (Jan1972 to Dec1975)
  • Deputy Secretary (Foreign Aid) and Chief Headed the unit that appraised and evaluated industrial projects in the public sector and prepared the memos for the Governor`s approval. • Responsible for identification, formulation and followup of foreign economic and technical assistance to the Province of Sind. • Prepared the annual report on the Annual Development Program (A.D.P.) and quarterly economic situation reports. at Industries Section, Planning and Development Dept (Jan1970 to Dec1972)
  • Additional Deputy Commissioner (Development) Headed the office responsible for planning, coordinating and monitoring the implementation of development projects in the District of Chittagong. Set up Rangunia Thana Cooperative Association based on integrated approach to Rural Development. at Chittagong, (now Bangladesh) (Jan1968 to Dec1969)
  • Assistant Commissioner/SDO Headed subdivisional administration, Rural Works Program, Thana/Tehsil Development Council. at Nawabshah, Shikarpur, Patuakhali in Bangladesh (Jan1966 to Dec1968)

Education

  • PGD (Executive Development Program), Harvard University-Stanford University-INSEAD, U.S.A. - 1997
  • PhD (Economics), Boston University, U.S.A. - 1978
  • MA (Development Economics),, Williams College, U.S.A. - 1972

Research Interests

  • Executive Development Program

Courses Taught

Research Output

    Projects

    List to come