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To: Don S.Boller who wrote (44786)	11/9/1999 5:12:00 PM
From: lorne	Respond to of 116770

Camdessus to Address IMF Staff Today Amid Report of Resignation Tue, 9 Nov 1999, 5:02pm EST Washington, Nov. 9 (Bloomberg) -- International Monetary Fund Managing Director Michel Camdessus will address IMF staff today amid reports he will resign as head of the lender. Camdessus will address the IMF staff at 3:15 Washington time, and will hold a press conference afterward, the IMF said. The media is invited to both events. Speculation about Camdessus's possible resignation has been heating up for months, and he has neither confirmed nor denied it. An IMF spokesman in Washington wouldn't confirm or deny the latest report today in a French daily newspaper, la Croix, that Camdessus would resign this week. IMF members re-elected Camdessus for a third five-year term on Jan. 16, 1997. His fourth term will come up for renewal in January 2002. The 66-year-old Camdessus came under fire for the IMF's handling of international financial and monetary crises that swept Asia, Latin America and Russia in the past few years. quote.bloomberg.com