The following is an excerpt. To view the full article please visit the link below
Mandela, according to the IMF's account of events, agreed to the deal - subject to approval by the government - during a breakfast meeting he had with Michel Camdessus, the IMF's longest-serving MD.
These and other details are contained in a book by James M Boughton, titled Tearing Down Walls: The International Monetary Fund 1990-1999. The period covered by the book overlaps with Camdessus's tenure (1987-2000) as MD, but also with the transition of South Africa from apartheid, and the democratically elected government's first term of office.
* * *