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Analysis

Johannes Witteveen appointed honorary chairman of OMFIF advisory board

Press Release

20 March 2017

Witteveen Press Release Umbraco

Johannes Witteveen, managing director of the International Monetary Fund from 1973-78, has been appointed honorary chairman of the OMFIF Advisory Board.

Before joining the IMF he was the Dutch minister of finance from 1967-71, a role he combined with that of deputy prime minister.

Between 1958-73 Witteveen served alternately as a member of the Netherlands’ Senate and House of Representatives. He first held the role of finance minister for two years from 1963.

After leaving the IMF he spent five years as chairman of the Group of Thirty, the Washington-based economics body.

Speaking at the launch of When Britain Went Bust – The 1976 IMF Crisis, held at the UK Treasury in December, he said: 'The world can learn parallels from the past and present financial upsets.'

Meghnad Desai, chairman of the OMFIF Advisory Board, said: 'Johannes Witteveen worked for the IMF during one of the UK's most noteworthy financial crises and OMFIF is pleased that he has agreed to become honorary chairman.'

Pooma Kimis, a director at OMFIF, said: 'I am very pleased that Johannes has accepted the role of honorary chairman. He brings a wealth of knowledge and expertise on the creation, formation and sustenance of the international monetary system which we will continue to investigate at OMFIF.'

About OMFIF (www.omfif.org)

The Official Monetary and Financial Institutions Forum is an independent think tank for central banking, economic policy and public investment – a non-lobbying network for best practice in worldwide public-private sector exchanges.

At its heart are Global Public Investors – central banks, sovereign funds and public pension funds – with investable assets of $30tn, equivalent to 40% of world GDP.