Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


IMF appointment

9 December 2002 Media Statement

IMF appointment

Michael Reddell has been appointed an Alternate Executive Director of the International Monetary Fund, Finance Minister Michael Cullen announced today.

“Mr Reddell has a wealth of experience that equips him ideally to join the Executive Board of the IMF. I am confident he will serve both New Zealand and the Fund well.

He will represent the views of a constituency of 14 countries at the IMF: New Zealand, Australia, the Republic of Korea, the Philippines, Mongolia, the Solomon Islands, Papua New Guinea, Samoa, Kiribati, the Marshall Islands, Micronesia, Palau, the Seychelles, and Vanuatu.” Dr Cullen said.

Currently Head of Financial Markets at the Reserve Bank of New Zealand, Mr Reddell has a strong background in macroeconomics. He has worked on IMF missions and was an economic advisor in Papua New Guinea (1985-87) and Zambia (1993-95).

“He faces a major challenge, but also has an unprecedented opportunity. The next few years must see strong progress in strengthening the international financial system and improving financial crisis prevention in emerging economies, while making the framework for crisis resolution more predictable.

“The international community must make real its commitment to the elimination of poverty, the promotion of development, increased financial stability, and stemming the flow of funds that support terrorism.

Our Constituency’s Executive Director, Mike Callaghan, an Australian, made the appointment on Dr Cullen’s recommendation. Mr Reddell will take up his two-year appointment in Washington, DC on 1 March 2003. He will succeed Diwa C. Guinigundo, of the Philippines.

Fact sheets about New Zealand and the IMF are available at the Treasury’s web site: (; and at the IMF’s web site: (


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Ardern Speech: Justice Summit Opens

If we want to talk about an effective justice system, we shouldn’t start with a discussion about prisons, but a discussion about New Zealand...

We believe in a ‘fair go’. We are fair minded and like to give people a chance. Ensuring everyone is treated fairly is part of the fabric of our culture.

And equally, we are defined by what we don’t believe ourselves to be – and we certainly don’t feel like the kind of place that would have one of the highest incarceration rates in the western world, and yet we do. More>>


NZDF: New Chiefs Of Navy, Army And Air Force

“I’m delighted to announce that following approval by Cabinet, Commodore David Proctor, Brigadier John Boswell and Air Commodore Andrew Clark have been appointed by the Governor-General to lead their respective Services,” says Ron Mark. More>>


Christchurch Quake: New Red Zone Payment For Uninsured

The Government will pay former residential red zone owners 100% of the 2007/08 rateable value for uninsured homes, Minister Megan Woods has announced today. More>>


Gordon Campbell: On MP Pay And The REAL P.C. Danger Zone

There has never been anything remotely credible about the way parliamentarians would paint themselves as the helpless victims of the Remuneration Authority when it came to their pay increases... More>>


Repatriation: Remains Of NZ Service People Return Home

Prime Minister Jacinda Ardern and Minister for Veterans Ron Mark say they were honoured to be with the families of service personnel as they welcomed their loved ones home. More>>


Cop Shop Top-Up: 1800 New Police Through NZ

Police Commissioner Mike Bush has today confirmed further details around the allocation of the 1800 additional officers, following a $298.8 million increase for Police in Budget 2018... “These 1800 officers, alongside 485 support staff, will really enhance our work to keep people safe, and ensure they feel safe,” says Mr Bush. More>>


Human Right Commissions: Concern On Aged Care And Consent

A new report published by the Human Rights Commission raises concerns about the legal and human rights safeguards for an estimated 5000 elderly New Zealanders in secure dementia units and psychogeriatric facilities. More>>


Greens AGM: Leadership Stands Firm On Waka Jumping Bill

The Green Party leadership have dug in their heels and will not be reversing any of the decisions they have made in government. Former MPs Jeanette Fitzsimons and Sue Bradford had hoped the caucus might be persuaded this weekend to pull its support from the waka jumping bill. More>>





Featured InfoPages