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Vatican     POPE APPOINTS FORMER IMF DIRECTOR TO PONTIFICAL COUNCIL
John Paul II has appointed former IMF General Director, Michel Camdessus, to the Pontifical Council for Justice and Peace.
    While head of the International Monetary Fund, the 67 year old French economist was distrusted by some because of his alleged socialist sympathies. Others, especially representatives of the NGOs, regarded the IMF under his leadership as the perfect embodiment of orthodox liberalism.
    Camdessus always maintained that that 'globalisation must be humanised'. He has committed himself specifically to struggle for the reduction of developing countries' foreign debt.
    Zenit (available soon)
   
   
9 Aug 00



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