Hon.Dominique Gaston André Strauss-Kahn former Managing Director of International Monetary Fund (IMF) is a winner of The 2018 Global Lifetime Achievement Award and listed in the 2018 Global Who is Who Book of Records in appreciation of his contribution towards attainment of Sustainable Peace and Development in the World.Dominic Gaston Strauss-Kahn is an Icon in social-economic reform of the world. He played a central role in global economic stability. He was awarded by Public Opinions International (East Africa) an agency based in Uganda East Africa.
Dominique Gaston André Strauss-Kahn was born on 25 April 1949/ He is a French politician, former managing director of the International Monetary Fund (IMF). Strauss-Kahn was appointed managing director of the IMF on 28 September 2007, with the backing of his country’s conservative president, Nicolas Sarkozy. He served in that capacity until his resignation on 18 May 2011 in the wake of allegations that he had sexually assaulted a hotel maid. However Strauss Kahn has tremendous achievements towards global economic transformation.
He was a professor of economics at Paris West University Nanterre La Défense and Sciences Po, and was Minister of Economy and Finance from 1997 to 1999 as part of Lionel Jospin’s “Plural Left” government. He sought the nomination in the Socialist Party presidential primary of 2006, but was defeated by Ségolène Royal in November
Dominique Strauss-Kahn was born on 25 April 1949 in the wealthy Paris suburb of Neuilly-sur-Seine, Hauts-de-Seine. He is the son of lawyer Gilbert Strauss-Kahn. Strauss-Kahn’s father was born to an Alsatian Jewish father and a Catholic mother from Lorraine; Strauss-Kahn’s mother is from a Sephardic Jewish family in Tunisia.
He and his parents settled in Agadir, Morocco, in 1951, but after the 1960 earthquake moved to Monaco, where his father practiced law. While the family was living in Monaco, Strauss-Kahn went to school at the Lycee Albert 1er. The family later returned to Paris, where he attended classes préparatoires at the Lycée Carnot. He graduated from HEC Parisin 1971 and from Sciences Po and the Paris Institute of Statistics in 1972. He sat and failed the entrance examination for École nationale d’administration, but obtained a bachelor degree in public law, as well as a PhD and an agrégation (1977) in economics at the Université Paris X (Nanterre)
From 1977 to 1981, Strauss-Kahn lectured at the University of Nancy-II, first as an assistant, and later as assistant professor, before taking a position at the University of Nanterre. In 1982, he was appointed to the Plan Commission as head of the finance department, and later as Deputy Commissioner, a position he held until his election to the National Assembly in 1986.
After his ousting in the 1993 parliamentary elections, Strauss-Kahn founded DSK Consultants, a corporate law consulting firm. Upon resigning from the Jospin government, he resumed his academic duties, teaching economics at Sciences Po from 2000 until his appointment to the IMF in 2007.
After the election of President François Mitterrand (PS) in 1981, he decided to stay out of government. He got involved in the Socialist Party (PS), which was led by Lionel Jospin, and founded Socialisme et judaïsme (“Socialism and Judaism”). The next year, he was appointed to the Commissariat au plan (Planning Commission).
In 1986 he was elected Member of Parliament for the first time in the Haute-Savoie department, and in 1988 in the Val-d’Oise department. He became chairman of the National Assembly Committee on Finances.
In 1991, he was nominated by Mitterrand to be Junior Minister for Industry and Foreign Trade in Édith Cresson’s social-democratic government. He kept his position in Pierre Bérégovoy’s government until the 1993 general elections.
In 1994, Raymond Lévy, who was director of Renault, invited him to join the Cercle de l’Industrie, a French industry lobby in Brussels, where he met the billionaire businessman Vincent Bolloré and top manager Louis Schweitzer; Strauss-Kahn served as secretary-general and later as vice-president.
In June 1995, he was elected mayor of Sarcelles and married Anne Sinclair, a famous television journalist working for the private channel TF1 and in charge of a political show, Sept sur Sept. She ceased presenting this show after Strauss-Kahn’s nomination as Minister of Economics and Finance in 1997 to avoid conflict of interest, while Strauss-Kahn himself would cede his place as mayor to François Pupponi in order to avoid double responsibilities.
In 1997, Prime Minister Lionel Jospin (PS) appointed Strauss-Kahn as Minister for Economics, Finance and Industry, making him one of the most influential ministers in his Plural Left government.
As Minister of Economics and Finance, Strauss-Kahn succeeded in decreasing VAT to 5.5% for renovation works in construction, thus supporting this activity. At the same time, he decreased the budget deficit, which was more than 3% of GDP under Alain Juppé’s center-right government (1995–97). He thus prepared France’s entrance in the euro zone. Strauss-Kahn also repealed the Thomas Act on hedge funds and launched the Conseil d’orientation des retraites (Orientation Council on Pensions).
IMF Managing Director (2007–11)
On 10 July 2007, Strauss-Kahn became the consensus European nominee to be the head of the IMF, with the personal support of President Nicolas Sarkozy (member of the right UMP party).
Former Polish Prime Minister Marek Belka withdrew his candidacy as it was opposed by the majority of European countries.
Strauss-Kahn became the front runner in the race to become Managing Director of the IMF, with the support of the 27-nation European Union, the United States, China and most of Africa. On 28 September 2007, the International Monetary Fund’s 24 executive directors selected him as the new managing director.
On 30 September 2007, Dominique Strauss-Kahn was formally named as the new head of the International Monetary Fund (IMF). Strauss-Kahn said: “I am determined to pursue without delay the reforms needed for the IMF to make financial stability serve the international community, while fostering growth and employment”.
Under Strauss-Kahn the IMF’s pursuit of financial stability included calls for a possible replacement of the dollar as the world’s reserve currency. An IMF report from January 2011 called for a stronger role for special drawing rights (SDR) in order to stabilize the global financial system. According to the report, an expanded role for SDRs could help to stabilize the international monetary system.
Furthermore, for most countries (except for those using the US dollar as their currency) there would be several advantages in switching the pricing of certain assets, such as oil and gold, from dollars to SDRs. For some commentators that amounts to a call for a “new world currency that would challenge the dominance of the dollar.
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