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

Zimbabwe: New Democracy, Or A False Dawn?

Gordon Campbell: Robert Mugabe = Hosni Mubarak. The current jubilation on the streets of Harare at the fall of Zimbabwe’s dictator Robert Mugabe is genuine, and one hates to be negative about the country’s future. Yet the situation is eerily similar to the scenes in Cairo in early 2011, when a popular uprising swept Hosni Mubarak from power in Egypt. More>>


Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>


Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>


Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>


Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>


Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>





Featured InfoPages

Opening the Election