Michel Camdessus facts for kids
Quick facts for kids
Michel Camdessus
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Camdessus in 2012
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| Managing Director of the International Monetary Fund |
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| In office 16 January 1987 – 14 February 2000 |
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| Preceded by | Jacques de Larosière |
| Succeeded by | Horst Köhler |
| Governor of the Banque de France | |
| In office November 14, 1984 – 16 January 1987 |
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| Preceded by | Renaud de La Genière |
| Succeeded by | Jacques de Larosière |
| Personal details | |
| Born | 1 May 1933 Bayonne, France |
| Alma mater | University of Paris |
| Profession | Economist |
Michel Camdessus (born 1 May 1933) is a French economist. He is well-known for being the head of the International Monetary Fund (IMF) for a long time. He led the IMF from 1987 to 2000, which makes him the longest-serving person in that important job.
Before working at the IMF, Mr. Camdessus was the Governor of the Banque de France. This is like being the head of France's central bank. He held that position from 1984 to 1987.
Contents
Early Life and Education
Michel Camdessus was born in Bayonne, a city in France. He went to the University of Paris to study. After that, he earned more degrees in economics. He studied at the Institut d'Etudes Politiques de Paris and École nationale d'administration. These are very respected schools in France.
Leading Important Organizations
Michel Camdessus has held several very important roles. These roles involved managing money and helping countries around the world.
Governor of the Banque de France
From 1984 to 1987, Mr. Camdessus was the Governor of the Banque de France. This bank is responsible for France's money and financial system. It's a bit like the central bank in other countries. He helped manage the country's economy during this time.
Head of the International Monetary Fund (IMF)
In 1987, Michel Camdessus became the Managing Director of the International Monetary Fund (IMF). The IMF is an organization of many countries. It works to make sure the world's money system is stable. It also helps countries that are having financial problems.
The Asian Financial Crisis
One big event during his time at the IMF was the 1997 East Asian financial crisis. Many countries in Asia faced serious money problems. The IMF, led by Mr. Camdessus, provided loans to these countries. However, the loans came with strict rules about how the countries should manage their economies.
Some people criticized his approach during this crisis. They felt that the rules given to Asian countries were too harsh. They also thought the IMF didn't pay enough attention to the unique situations in each country. This led to some difficulties and unrest in places like Indonesia.
What He Does Now
Even after leaving the IMF, Michel Camdessus continues to work on important global issues. He focuses on social development and helping people.
Helping Africa and Promoting Peace
Mr. Camdessus is currently the president of a social group called Semaines sociales de France. This group works on social issues in France. He is also a member of the Commission for Africa. This group was started by former British Prime Minister Tony Blair. It aims to help African countries develop and grow.
He is also part of the Pontifical Commission for Justice and Peace. This group advises the Pope on issues of fairness and peace around the world.
Additionally, Mr. Camdessus is a member of the Africa Progress Panel (APP). This is a group of ten important people. They work to support fair and lasting development in Africa. They help share knowledge and influence policies to bring positive change to the continent.
Working with the Fondation Chirac
Michel Camdessus is also on the board of directors for the Fondation Chirac. This foundation was started in 2008 by former French president Jacques Chirac. Its main goal is to promote peace around the world.
Mr. Camdessus helps choose the winner of the Conflict Prevention Prize each year. This prize is given by the foundation. He also works with the foundation's program that focuses on clean water and sanitation.
See also
In Spanish: Michel Camdessus para niños
