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We Had a Chance
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We Had a Chance
Thirteen Years at the Helm of the IMF



© 2017 | 328 pages | SAGE Publications Pvt. Ltd

As Managing Director of the International Monetary Fund from January 1987 to February 2000, Michel Camdessus spent thirteen turbulent years among the powerful of this world, when history completely changed. Constantly running around the globe, he fought global financial imbalances, tried to reconcile financial orthodoxy with solidarity, supported the transition of the former USSR, canceled the debts of the poorest countries and tackled the crises which threatened the stability of the global economy.

The pages that he is proposing here are not his memoirs in the traditional sense. This is a compelling narrative without cliché about his meetings, at the heart of crises, with the leaders who were running the world. From Boris Yeltsin to Bill Clinton, from Margaret Thatcher to Mobutu, from Suharto to Pope John Paul II, as well as Jacques Chirac, François Mitterrand and many others, he returns to the toughness of these head-to-heads.

These encounters are all portraits of a challenging truth. Along the way, he outlines with clarity the role, function, influence, and sometimes powerlessness of an indispensable institution.

 
Foreword
 
Thursday, 18 December, 1986 – An Unlikely Election
 
The Last Devaluation of the Franc
 
I: Fall of the Wall – Transition in the East
 
9 November, 1989 – The Berliners Destroy the Wall
 
An Empire Collapses
 
USSR: The Union Disintegrates
 
Boris Yeltsin’s Russia
 
Ukraine, Independent at Last?
 
Thirteen Fragments of Empire Let Loose
 
II: Third World Debt and Development at a Standstill
 
Winter 1987 – Reconnaissance
 
What Can Be Done for the Poorest Nations?
 
From Crisis to Crisis, Reforms in Africa
 
Mandela and De Klerk – Two Men, One Pardon
 
Franc Zone: Devaluating for Renewal
 
From Summit to Summit, From Cooperation to Partnership
 
The Debt
 
Latin America on the Move
 
Towards the Complex Orient
 
III: Some Mid-way Thoughts
 
Broadening the Way We Look at the Problems of Poverty
 
Reopening Systemic Reforms
 
IV: The First Crises of the 21st Century
 
Mexico, 20 December, 1994 – First Day of a New Century
 
Asia: From an Awakening to Turmoil
 
Asia on the Edge of the Storm
 
1996–2000 – The 21st Century Was Underway in Moscow
 
V: Defining a New Structure for the System
 
Learning from the Crisis
 
Going Further
 
Passing on a Mission
 
Multilateralism, the Warmth of Humankind, and Fellowship
 
Thanks

“An unparalleled testimony,”

Kofi Annan

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