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IMF APPOINTS DIRECTOR OF IMF'S OFFICE IN EUROPE

 WASHINGTON, Jan. 19 /PRNewswire/ -- Michel Camdessus, the managing director of the International Monetary Fund (IMF), has appointed Joaquin Ferran, a national of Spain, as director of the IMF's Office in Europe. Ferran, born in 1934, was educated at the University of Madrid and at the American University, Washington.
 After a short period as an economist at the Organization of American States (OAS), Ferran joined the IMF in 1963 as an economist in the Western Hemisphere Department. He was subsequently appointed a division chief in 1971, assistant director in 1978, senior adviser in 1983 and, in 1987, deputy director of the department. In 1991, Ferran was appointed deputy director of the policy development and review department.
 The IMF's Office in Europe is situated in Paris and serves as a liaison office for the IMF in Europe by maintaining close contact with European monetary authorities and with international and regional institutions such as the Organization for Economic Cooperation and Development (OECD), the Bank for International Settlements (BIS), the Commission of the European Communities (EC) and the Group of 10.
 Ferran succeeds Andrew Beith, a national of the United Kingdom, who is now acting director of the Joint Vienna Institute.
 -0- 1/19/93
 /CONTACT: International Monetary Fund, External Relations Department, 202-623-7100/


CO: International Monetary Fund ST: District of Columbia IN: FIN SU: PER

MH -- DC020 -- 6556 01/19/93 16:41 EST
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Date:Jan 19, 1993
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