Michel Camdessus

Michel Camdessus
Michel Camdessus and Rafael Caldera
7th Managing Director of the International Monetary Fund
In office 16 January 1987 – 14 February 2000
Preceded by	Jacques de Larosière
Succeeded by	Horst Köhler
Personal details
Born	1 May 1933 (1933-05-01) (age 78) Bayonne, France
Nationality	France
Alma mater	University of Paris
Profession	Economist

Michel Camdessus (born 1 May 1933) is a French applied economist and administrator who was Managing Director of the International Monetary Fund (IMF) from 16 January 1987 to 14 February 2000. To date, he is the longest serving Managing Director of the IMF.

Among the most important events of his tenure was the East Asian financial crisis. His role has been criticized for not paying attention to the unique circumstances of the East Asian countries and blindly imposing the measures that were followed in Mexico leading to considerable turmoil and rioting in countries such as Indonesia.^[1]

Previously, he was Deputy Governor and Governor of the Bank of France from November 1984 until his move to Washington DC.

Born in Bayonne, France, Mr. Camdessus was educated at the University of Paris and earned postgraduate degrees in economics at Institut d'Etudes Politiques de Paris (Sciences Po) in Paris and the École nationale d'administration.

He is currently president of the Semaines Sociales de France and is a member of the Commission for Africa established by Tony Blair. He is also a member of the pontifical Commission for Justice and Peace.

Camdessus is a member of the Africa Progress Panel (APP), an independent authority on Africa launched in April 2007 to focus world leaders’ attention on delivering their commitments to the continent. The Panel launched a major report in London on Monday 16 June 2008 entitled Africa's Development: Promises and Prospects.^[2]

References

1. ^ Stiglitz, Joseph E. (2002), Globalization and its Discontents, New York: W. W. Norton & Co., ISBN 0393051242 .
2. ^ "Press Release: Africa Progress Panel demands action on global food crisis “reversing decades of economic progress”", APP, 16 June 2008, http://www.africaprogresspanel.org/english/newsreleases.php .

External links

• Biographical Information (IMF)
• Biography on Africa Progress panel website

Links to Camdessus' articles and speeches

• Matteo Ricci, spiritual resources and partnership
• Globalization and the Future of Humankind
• Ethics and Finance in a Globalizing World
• The Sustainability of Sustainability

Civic offices
Preceded by Jacques de Larosière	Head of the International Monetary Fund 1987–2000	Succeeded by Horst Köhler

Persondata
Name	Camdessus, Michel
Alternative names
Short description
Date of birth	1 May 1933
Place of birth	Bayonne, France
Date of death
Place of death