    [Public Papers of the Presidents of the United States: WILLIAM J. CLINTON (1999, Book II)]
    [November 9, 1999]
    [Page 2031]
    [From the U.S. Government Publishing Office www.gpo.gov]

    [[Page 2031]]

    Statement on the Resignation of Michel Camdessus as Managing Director of the International Monetary
    Fund
    November 9, 1999

        Today I want to express my appreciation to Michel Camdessus, who
    announced his intention to resign as Managing Director of the
    International Monetary Fund, for his years of service. Mr. Camdessus
    exhibited strong leadership during his two-plus terms at the IMF. His
    tireless efforts helped contain the fallout from the East Asian economic
    crisis in 1997 and 1998, improve the global financial architecture,
    increase the transparency of the IMF itself, establish ``good
    practices'' for transparency of national governments, and create greater
    focus on debt relief for the world's poorest countries. I will greatly
    miss working with Mr. Camdessus in the international economic policy
    arena and wish him the best in his retirement.