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Jacques de Larosiere

AKA Jacques Martin Henri Marie de Larosière de Champfeu

Born: 12-Nov-1929
Birthplace: Paris, France

Gender: Male
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Government, Economist

Nationality: France
Executive summary: IMF Director 1978-87

Acquitted of any wrongdoing in the Credit Lyonnais accounting scandal.

In November 1982, when Mexican and Argentine loan agreements were being considered [at the International Monetary Fund], De Larosiere sent telegrams to major commercial lenders, inviting them to a meeting at the New York Federal Reserve Bank. At the session, he told the bankers that if they did not put up $5 billion in new money for Mexico and $1.5 billion for Argentina, the IMF would not approve rescue programs for those countries, further jeopardizing chances of the banks' getting back any part of their money. The moneymen were stunned. Said one official: "They were not used to being talked to by anybody that way." They got the message and made the loans.

Wife: France

    University: MA, University of Paris
    Law School: University of Paris
    University: École Nationale d'Administration (1958)

    French Legion of Honor

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