IMF Executive Board adopts resolution of appreciation for Michel Camdessus

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Page 55

The Executive Board of the IMF met on February 8, to bid farewell to Michel Camdessus, Chairman of the Board and Managing Director of the IMF since January 1987. At the close of the meeting, and on behalf of the full Board, Karin Lissakers, the Executive Director for the United States, read the following resolution of appreciation:

“WHEREAS on February 14, 2000, Mr. Michel Camdessus will conclude a long and a distinguished period of service to the IMF’s 182 member countries and to the international community on relinquishing the post of Managing Director of the IMF and Chairman of its Board of Executive Directors that he has held since January 16, 1987;

“WHEREAS Mr. Camdessus has steered the IMF through a period of unprecedented challenges with verve, skill, vision, and dedication;

“WHEREAS Mr. Camdessus has presided with unbounded energy over a strong, coherent, and effective institution;

“WHEREAS Mr. Camdessus has contributed immeasurably to fostering sound economic policies in widely diverse economies and promoting the IMF’s role as the central forum for international monetary cooperation;

“WHEREAS Mr. Camdessus has led the way in helping prepare the IMF’s universal membership to meet the challenge of maximizing the rewards and minimizing the risks of a truly open global world economy;

“WHEREAS...