Summary
Overseeing the system. Managing the debt strategy. Reducing arrears, strengthening policies. Reducing world poverty. Crossing the wall. Waking up to the new century. Conclusion.
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Extract
Michel Camdessus at the IMF: A Retrospective
It may be some years until a definitive assessment of Michel Camdessus's unprecedented 13 years as Managing Director can be made. In this article, the IMF's Historian provides a preliminary evaluation.
The story of Michel Camdessus's long tenure as the seventh Managing Director of the IMF and Chairman of its Executive Board is nothing less than the history of the institution over those 13 years. On few issues could he be accused of being a passive observer or of being led by events rather than leading the IMF's response to them. Indeed, it is difficult to tell the story without turning it into a history of the global economy from 1987 to the end of the century. To be a great leader, one must first be presented with great challenges. For that, Camdessus was blessed with the curse of living in "interesting times." When he arrived at the IMF in January 1987, after a hotly contested electio...See the full content of this document
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