Parliament

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

 

Cullen Ready For IMF And World Bank Meeting


The Commonwealth Finance Ministers meeting has been an important preparation for the IMF and World Bank meetings in Prague next week, Finance Minister Dr Michael Cullen said today from Malta

“There is a very strong level of agreement amongst Commonwealth Finance Ministers about the need for changes in the operations of the IMF and World Bank to avoid as far as possible economic crisis and to resolve them when they occur.

“The position adopted by Commonwealth Finance Ministers in Malta is consistent with the voluntary action plan approach steered through the APEC Finance Ministers Meeting by New Zealand. Greater transparency and surveillance and effective standards to those ends need to be developed.

“At the same time, the Commonwealth Finance Ministers have taken a strong line on the need for the process of globalisation to work in the interests of developing countries as well as the developed and in the interests of the poor as well as the rich.

“It was particularly pleasing to see the unanimity on these matters between the developed countries in the Commonwealth, including New Zealand, and the developing countries who form the great majority of Commonwealth nations. What was equally clear was that the developing nations in no way wished to oppose globalisation itself.

“There were also clear calls, strongly backed by New Zealand, for moves towards increasing global free trade to work more effectively in the interests of primary producing countries. Here the interests of New Zealand and developing countries are identical and we will continue to work together in pursuing them.

“Finally, Commonwealth Finance Ministers have agreed to adopt collaborative and cooperative approach to addressing the questions of harmful tax competition and money-laundering. There was deep concern that recent OECD initiatives in these areas had been insufficiently consultative. New Zealand has offered to work with the small Commonwealth countries in the Asian-Pacific on these matters,” Dr Cullen said.

During the course of the Commonwealth Finance Ministers meeting, Dr Cullen also had bilateral discussions with Melanie Johnson, UK Economic Secretary and the Malaysian Deputy Minister of Finance, Datuk Dr Haji Shafie Mohd Salleh.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Juggling Covid, And France’s Trump-like Populist


It is the age-old Covid problem. How to balance the needs for firms (and schools) to re-open against the need to protect public health. In the past, the balance has been struck by insisting that the best public health outcomes also deliver the best economic (and educational) outcomes. While that may still be objectively true, it is no longer a politically tenable position... More>>

Covid-19 & Education: NCEA And NZ Scholarship Exams To Proceed


NCEA and New Zealand Scholarship exams will proceed, including in areas where Alert Level 3 has been in place, Education Minister Chris Hipkins said today. “The New Zealand Qualifications Authority, Ministry of Education and Ministry of Health have been working together to ensure exams can be managed in a safe way, so students have the opportunity to demonstrate what they have learned... More>>





 
 

Ombudsman: Launches Investigation Into MIQ Booking System
The Chief Ombudsman Peter Boshier is launching a broad investigation into the Managed Isolation and Quarantine (MIQ) booking system after receiving hundreds of complaints... More>>

ALSO:



National: Launches Back In Business Plan

Leader of the Opposition Judith Collins has today launched National’s detailed plan to save livelihoods and unleash our economy in the face of the huge damage being wrought by the extended Covid lockdown... More>>

ALSO:


Pay Cheque To Pay Cheque: Half A Million New Zealanders Have No Savings
New findings from the Consumer NZ sentiment tracker found that 15% of New Zealanders had no savings, and a further 27% were anxious about their level of savings and would like to have more tucked away... More>>


Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>


Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels