5 May 2012

NZ may still chip in for IMF bailout funds

9:03 am on 5 May 2012

The Government says it has received no formal requests to pledge money to a new international bailout fund, but it may do so anyway.

Any pledge would go towards $US400 billion of new loans from International Monetary Fund members to stave off a fresh financial crisis.

Last month, the Government sent Treasury head Gabriel Makhlouf to the meetings in the United States where the bailout fund was agreed.

A spokesperson for the Minister of Finance says no formal requests for funds were made to New Zealand at those meetings.

But he says the Government is considering chipping in for what is an insurance policy against a further downturn in the world economy.