Jawad M. Hashim: Biography

JMHJawad M. Hashim was born in Iraq in 1938. He obtained his Master’s degree and Doctorate in Economics and Statistics from the London School of Economics, University of London in 1966. After a brief involvement in academic work in Iraq, he was appointed Minister of National Economic Planning in 1968 (when the Baath Party took over power). Between 1968 and 1977, He served Iraq as Minister of Planning and Presidential Adviser reporting directly to Saddam Hussain.

Between 1968 and 1977, as Minister of Planning and subsequently as Presidential Adviser, Dr. Hashim was responsible for a considerable amount of legislation and for the implementation of economic programs. Dr. Hashim was also Chairman of the Second Session of U.N. Economic Commission for Western Asia (ECWA).

Upon nomination by the Iraqi government, Dr. Hashim was elected founding President of the Arab Monetary Fund (AMF), a post which he kept for five years, from May 1977 to May 1982, whilst continuing as Saddam’s adviser. During his term of office as President of the AMF, Dr. Hashim was instrumental in initiating the establishment of INVESTCORP -- a unique financial entity. (See: INVESTCORP - The True Story Behind Its Creation)

Dr. Hashim’s personal relationship with Saddam Hussain had deteriorated since early 1980, after Saddam executed few members of his wife’s family amongst which was Mohamed Baqir Al-Sadir and his sister Amina Bint Al-Huda. Hence, in May 1982, Dr. Hashim defected to Canada with his wife and two sons, where they obtained Canadian citizenship.

Dr. Hashim was a member of The Group of Thirty (G3O), the Group of International and Monetary Affairs (Rockefeller Foundation, New York) for five years between 1978 and 1983; a member of the Study Group on Energy and World Economy, New York; and a member of the United Nations (UNITAR) Panel of Eminent Persons, for four years until 1984.

Between 1972 and 2003, Dr. Hashim wrote and published books on various subjects, amongst which, National Accounts (1972); Capital Formations in Iraq (1974 and 1990); Science, Technology and Industrial Development (1976). In addition, he has published numerous articles on various subjects: OPEC, Exchange Rates, International Finance, etc. .

In 2003, Dr. Hashim published his political-memoirs on his years with Saddam Hussain and Iraqi politics covering the period 1967-2000.

During the Gulf Crisis, Dr. Hashim advised the American and Canadian governments and some of his recommendations in this respect are now part of the U.S. Congressional Record (which can also be viewed on this site - "The Shape Of Post-Gulf War").



  • The Future Relationship Between Energy Demand, OPEC & the Value of the Dollar; Presented to the Conference Board in Europe, Brussels: December 14, 1978; published in the OAPEC Bulletin, January 1979 and in The Journal of Energy and Development, Vol. VI, No.1, University of Colorado; 1980.
  • An Understanding of the Importance of Arab/Islamic Funds Available for Development Projects & Economic Support; Presented to the Financial Times Conference on Business in the Gulf, London; January 30, 1979.

  • A Comment on Floating Exchange Rates; Presented to the Bermuda Conference; February 1979.

  • Measures to Restore International Financial Confidence & Stability; Presented to the Annual Meeting of the American-Arab Association for Commerce & Industry, Inc. , New York; May 15, 1980.

  • Current Economic & Financial Development in the World and Arab Economies; Presented to the Seventh Annual Conference of the Inter Arab Cambist Association, Hong-Kong; June 1, 1980.

  • Towards a Gulf Monetary Area, Issues in Development: The Arab Gulf States; Published in MD Research & Services, London; 1980.

  • The Creation of the AMF: Is it a First Step Towards Arab Monetary Integration; Presented to the Inter Arab Cambist Association Meeting, Kuwait; March 26-29, 1981.

  • Oil, Foreign Exchange & Financial Discipline; Presented to the 59th Annual Meeting of the Bankers’ Association for Foreign Trade, Boca-Raton, Florida; May 31 - June 4, 1981.

  • Notes on Arab National Economic Plans: Imbalances; Presented to the CBI-COMET Conference on Middle-East Development Plans, London; Sep. 1981.

  • OPEC & The International Oil Market: A Proposal for Cooperation; Paper presented at Colloquium on Euro-Arab cooperation, Arab-European Chamber of Commerce, Brussels; April 20-22, 1983.

  • What Next for OPEC? - Institutional Investor, New York; June 1983.

  • The Shape of the Post-Gulf War: Middle-East; US Congressional Record, Vol. 137, No. 30; February 22, 1991.

  • Financial Services & Middle-Eastern Politics; 15th Annual Symposium on Banking in the International Environment, Thunderbird: The American Graduate School of International Management (Arizona, USA); January 1994.

  • Post-War Iraq: An Opinion on Political Role & Business Opportunities; Key Note Speech, The Albany Club, Toronto; April 22, 1991.

  • Reconstruction of Iraq: Post-Saddam Hussain; Paper presented to the Spring Conference of the Atlantic Council of Canada, and presented to the Royal Canadian Military Institute; May 2003.

  • INVESTCORP - The TrueStory Of Its Creations; 2008


  • The Development of Iraqi Economy: Foreign Trade Sector; 1970

  • Science, Technology and Industrial Development; 1976

  • Industrialization Prospects of Iraq Up to the Year 2000 (Study prepared for the United Nations); May 1977

  • National Accounts: Methods of Estimating National Products, National Expenditure & National Income; 1989

  • Capital Formation in Iraq; 1990

  • Political Memoirs Of Ex-Planning Minister Jawad Hashim (In Arabic); 2003