Repayments to I.M.F.
(N.Z. Press Association) WELLINGTON, Nov. 18. New Zealand repayments to the International Monetary Fund were $4,124,000, exclusive of the repayment of actual drawings, the Minister of Finance (Mr Muldoon) said today. In a written reply to a Parliamentary question from .Mr R. J. Tizard (Lab., Pakuranga) he said that this amount consisted of interest charges totalling $4,064,000 and a stand-by charge on the unused portion of the stand-by facility, $60,000.
Mr Muldoon said that taking all charges into account, the effective cost of our drawings from the fund,' totalling $142,400,000 since 1965 had been approximately 1.27 per cent per annum.
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Bibliographic details
Press, Volume CX, Issue 32460, 21 November 1970, Page 4
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103Repayments to I.M.F. Press, Volume CX, Issue 32460, 21 November 1970, Page 4
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