Last modified on 11 September 2014, at 08:28

Michel Camdessus

Michel Camdessus
Michel Camdessus-IMG 3655.jpg
Camdessus at the 6th World Water Forum in 2012
7th Managing Director of the IMF
In office
16 January 1987 – 14 February 2000
Preceded by Jacques de Larosière
Succeeded by Horst Köhler
Personal details
Born (1933-05-01) 1 May 1933 (age 81)
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.

He is a member of the Africa Progress Panel (APP), a group of ten distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa. Every year, the Panel releases a report, the Africa Progress Report, that outlines an issue of immediate importance to the continent and suggests a set of associated policies. In 2012, the Africa Progress Report highlighted issues of Jobs, Justice, and Equity.[2] The 2013 report will outline issues relating to oil, gas, and mining in Africa.

Michel Camdessus is also a member of the Fondation Chirac's board of directors,[3] ever since the foundation was launched in 2008 by former French president Jacques Chirac in order to promote world peace. He also participates in the jury for the Conflict Prevention Prize[4] awarded every year by this foundation, and in the scientific committee of its Water and Sanitation programme.


External linksEdit

Links to Camdessus' articles and speeches
Civic offices
Preceded by
Jacques de Larosière
Head of the International Monetary Fund
Succeeded by
Horst Köhler