Camille Gutt

Camille Gutt (birth name: Guttenstein ) ( born November 14, 1884 in Brussels, † June 7, 1971 ) was a Belgian industrialist and politician, who was not only multiply the Treasury, but also the first Executive Director of the International Monetary Fund.


After school he studied law and graduated with a doctorate from the Doctor of Law. In addition, he studied Political and Social Science, and graduated with a licentiate degree programs. Later he worked as an industrialist.

On November 20, 1934 Prime Minister Georges Theunis appointed him as a non-party expert for the first time as finance minister in a government. The government of Theunis he was a member until the end of his term of office on 25 March 1935.

Prime Minister Hubert Pierlot appointed him on 22 February 1939 to the finance minister in his government. This was Gutt during the period of German occupation continuously for almost six years until 12 February 1945. In addition, he was 1940-1943 and Minister of Economic Affairs and from 1940 to 1942 and Minister of Transport. As finance minister, he was particularly responsible for the currency reform of October 1944, which should allow by reducing the money supply and stabilize prices, the stability of the Belgian franc. This money was taken out of circulation and bank accounts, demand and time deposits locked. These security measures were lifted gradually until 1949.

For his services he was awarded on September 3, 1945 with numerous other personalities with the honorary title of Minister of State.

On 6 May 1946 he was finally appointed the first Executive Director of the International Monetary Fund ( IMF) and held this office for five years until May 6, 1951.

1971 published his memoirs about the war years from 1940 to 1944 under the title La Belgique au carrefour 1940-1944.