Onno Ruding
Encyclopedia
Herman Onno Christiaan Rudolf Ruding (born 15 August 1939, Breda
) is a former Dutch
banker and politician. He is a member of the Christian Democratic Appeal
(CDA).
From 1977 till 1980 Ruding was executive director
of the International Monetary Fund
. He was Minister of Finance from 1982 till 1989 and known for his sharp budget cuts.
Breda
Breda is a municipality and a city in the southern part of the Netherlands. The name Breda derived from brede Aa and refers to the confluence of the rivers Mark and Aa. As a fortified city, the city was of strategic military and political significance...
) is a former Dutch
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
banker and politician. He is a member of the Christian Democratic Appeal
Christian Democratic Appeal
The Christian Democratic Appeal is a centre-right Dutch Christian democratic political party. It suffered severe losses in the 2010 elections and fell from the first to the fourth place...
(CDA).
From 1977 till 1980 Ruding was executive director
Executive director
Executive director is a term sometimes applied to the chief executive officer or managing director of an organization, company, or corporation. It is widely used in North American non-profit organizations, though in recent decades many U.S. nonprofits have adopted the title "President/CEO"...
of the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
. He was Minister of Finance from 1982 till 1989 and known for his sharp budget cuts.