Word: camdessus
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Dates: during 2000-2009
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...making large cuts in interest rates, to restart credit creation and prevent further damage to the economy. A decade ago, the world also looked to Washington - and, specifically, the International Monetary Fund (IMF) - for deliverance from the financial turbulence. This was immortalized in a photograph of IMF chief Michel Camdessus peering over the shoulder of then Indonesian President Suharto, as the latter signed his country's agreement to receive IMF loans...