Michel Camdessus is the Honorary Governor of Banque de France and the former Managing Director of the International Monetary Fund (IMF). In January 2010, President Sarkozy appointed him as the Chair of the high-level working group on the reform of French public finances equilibrium rules. Previously, in September 2009, Camdessus was appointed Special Commissioner to monitor French banks’ bonus payment practices. From 2008 to 2009, he served as the Chairman of the French Financing Corporation, the Société de Financement de l’Economie Française (SFEF).
Camdessus took office as Managing Director and Chairman of the Executive Board of the IMF in 1987. He was unanimously selected for a third five-year term in 1996, making him the longest-serving Managing Director of the IMF to date. Earlier in his career, starting in 1974, Camdessus was the Director of the Treasury in the Ministry of Finance, served as Chairman of the Paris Club, and chaired the Monetary Committee of the European Economic Community from 1982 to 1984. He was appointed Deputy Governor of the Bank of France in 1984 and became Governor later that same year, serving until his IMF appointment.
Michel Camdessus is also the Honorary President of the Semaines Sociales de France and was a member of the Commission for Africa established by Tony Blair. He has been a member of the Pontifical Commission for Justice and Peace and serves on the UN Secretary General’s Advisory Board on Water and Sanitation. Additionally, he chaired the World Panel on Financing Water Infrastructure and is a member of the Africa Progress Panel (APP), chaired by Kofi Annan. The APP launched a significant report in London in June 2008 titled Africa’s Development: Promises and Prospects.
Michel Camdessus is the Honorary Governor of Banque de France and the former Managing Director of the International Monetary Fund (IMF). In January 2010, President Sarkozy appointed him as the Chair of the high-level working group on the reform of French public finances equilibrium rules. Previously, in September 2009, Camdessus was appointed Special Commissioner to monitor French banks’ bonus payment practices. From 2008 to 2009, he served as the Chairman of the French Financing Corporation, the Société de Financement de l’Economie Française (SFEF).
Camdessus took office as Managing Director and Chairman of the Executive Board of the IMF in 1987. He was unanimously selected for a third five-year term in 1996, making him the longest-serving Managing Director of the IMF to date. Earlier in his career, starting in 1974, Camdessus was the Director of the Treasury in the Ministry of Finance, served as Chairman of the Paris Club, and chaired the Monetary Committee of the European Economic Community from 1982 to 1984. He was appointed Deputy Governor of the Bank of France in 1984 and became Governor later that same year, serving until his IMF appointment.
Michel Camdessus is also the Honorary President of the Semaines Sociales de France and was a member of the Commission for Africa established by Tony Blair. He has been a member of the Pontifical Commission for Justice and Peace and serves on the UN Secretary General’s Advisory Board on Water and Sanitation. Additionally, he chaired the World Panel on Financing Water Infrastructure and is a member of the Africa Progress Panel (APP), chaired by Kofi Annan. The APP launched a significant report in London in June 2008 titled Africa’s Development: Promises and Prospects.
