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Biography of Barber B. Conable, Jr.Name: Barber B. Conable, Jr.Birth Date: November 2, 1922 Death Date: N/A Place of Birth: Warsaw, New York, United States Nationality: American Gender: Male Occupations: politician, congressman, agency director Barber B. Conable, Jr. Barber B. Conable, Jr. (born 1922), headed the most important lending institution committed to financing economic projects in developing countries, the World Bank, from 1986 to 1991. His tenure was noted for a complete overhaul of the bank and its personnel and a vital capital increase campaign. He piloted the bank through times of turbulent Third World debt defaults and restructuring.Barber B. Conable, Jr., was born in Warsaw, New York, on November 2, 1922. After receiving his Bachelor's degree from Cornell in 1942, Conable joined the United States Marine Corps, serving out the end of World War II (1942-1946) and serving again during the Korean conflict (1950-1951), reaching the rank of colonel. He graduated with honors from Cornell's law school in 1948 and became a member of the New York State Bar that same year. Conable practiced law first in Buffalo (until 1950), then Batavia (until 1964). His career in the public sector began in the New York State Legislature (1963-1964), …showed first 150 words…
…showed last 150 words…as chairman of the Museum of the American Indian in New York City and on the boards of the Urban Institute, the Dole Foundation, and the Smith Richardson Foundation.Citing his age and poor health, Conable announced his resignation from the World Bank effective September 1, 1991. At the end of his successful five-year term, he retired to his home in Alexander, New York. The Bush White House announced that his successor would be Lewis T. Preston (born 1926), a long-time executive with J. P. Morgan & Company. Associated Organizations Further Reading A general overview of international mechanisms and institutions may be found in J. C. Pool and S. Stamos, The ABCs of International Finance (1987). For an evaluation of the handling of the debt crisis see Shafigul Islam, "Going Beyond the Brady Plan," Challenge (July/August 1989). Excellent statistics on developing nations are incorporated in the World Bank Development Report, which is updated annually. |