Iceland : Staff Report for Second Review Under Stand-By Arrangement and Request for Extension of the Arrangement, Rephasing of Access and Establishment of Performance Criteria.

Author/Editor:

International Monetary Fund

Publication Date:

April 21, 2010

Electronic Access:

Free Full Text (PDF file size is 1415 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report discusses Iceland’s Second Review under the Stand-By Arrangement and Request for Extension of the Arrangement. Supportive fiscal policies have helped consumption hold up better than expected, while the external sector has benefited from currency depreciation and higher commodity prices. The overall improvements in inflation and the trade and current account balances since the late 2008 crisis have been striking. Indicators suggest firming consumer sentiment, and stable inflation expectations, but still weak business sentiment.

Series:

Country Report No. 10/95

Subject:

English

Publication Date:

April 21, 2010

ISBN/ISSN:

9781455207930/1934-7685

Stock No:

1ISLEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

84

Please address any questions about this title to publications@imf.org