Camdessus pays tribute to former department head Manuel Guitián

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On February 8, IMF Managing Director Michel Camdessus noted the death of Manuel Guitián on February 7 in Madrid at the age of 61. The full text of News Brief No. 00/9 is available on the IMF’s website (www.imf.org).

“Manuel Guitián served the IMF with great distinction for 29 years until his retirement in late 1998 as the Director of the Monetary and Exchange Affairs Department,” Camdessus said. “Manuel made notable contributions to the work of the IMF in many areas. In the 1970s and 1980s, he was one of the main architects of the design of macroeconomic adjustment programs, and he wrote extensively on this subject. In more recent years, he played major roles in coordinating technical assistance for monetary authorities in a number of countries, notably in Asia following the Asian crisis, and in the IMF’s work related to capital account liberalization. He was an early advocate of the code of good practices on transparency in monetary and financial policies. Manuel strongly held...