World Confederation of Labor: Camdessus calls for coordinated approach to tackle global poverty

• Pages: 353

Page 353

IMF Managing Director Michel Camdessus addressed the Confederal Board of the World Confederation of Labor on October 26 in Washington, D.C. The full text of his remarks is available on the IMF's website (www.imf.org).

Addressing the topic of strengthening the link between economic and social policies within the framework of a globalized economy, Camdessus said "the most pressing global issue that faces us as we approach the end of the century is poverty." For many years, Camdessus noted, IMF-supported programs "have explicitly incorporated social considerations, but the interrelationship between growth and social development now needs to be more precisely defined." In particular, the IMF is now joining with other multilateral institutions in an effort to reconcile economic and social policy in the world's poorest countries. We can achieve this, he said, only by continuing our dialogue with the International Labor...