Former IMF head admits to made many silly mistakes and errors with Argentina


Former managing director of the IMF, Michel Camdessus admitted Thursday in Buenos Aires that during his time working for the organization, they ‘made many mistakes with Argentina,’ particularly highlighting the 90s.

With regard to the topic, the former IMF managing director estimated that “80% of the global economic growth,” over the course of the next forty years, “will come from the development of emerging countries, like Argentina,” also considering that during this time the dollar will cease to dominate the monetary system and global finance.

Camdessus acknowledged that “current neo-liberalism is extremely short regarding institutions and regulations”.


About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
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