Executive Board
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Board Discussions
on Iceland:

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August 1, 2013
November 12, 2012
April 6, 2012
August 26, 2011
June 3, 2011

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 2.9 3
Consumer Prices 2.5 3.3
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Iceland: Financial Position in the Fund

Transactions with the Fund


IMF Resident Representative Office in Iceland

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Iceland and the IMF
Updated October 11, 2014

The last Article IV Executive Board Consultation was on August 01, 2013. Listed below are items related to Iceland, in reverse chronological order (you can also view items by category).

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October 12, 2012 -- Statement by the Hon. Ossur Skarphédinsson, Governor of the World Bank Group for Iceland, on behalf of the Bank Nordic Countries
PDF File Size: 470Kb
September 28, 2012 -- Iceland: Concluding Statement of an IMF mission for the Second Post-Program Monitoring Discussions
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
June 22, 2012 -- Press Release: Iceland Repays Early Some Outstanding Obligations to the IMF
April 21, 2012 -- IMFC Statement by Margrethe Vestager, Minister for Economic Affairs and the Interior, Denmark
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 542Kb
April 12, 2012 -- Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with Iceland and Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 12, 2012 -- Transcript of a Conference Call on Iceland 2012 Article IV Consultation
April 12, 2012 -- Iceland: Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion
Series: Country Report No. 12/89
April 12, 2012 -- Iceland: Selected Issues Paper
Series: Country Report No. 12/90
April 12, 2012 -- Iceland: Ex Post Evaluation of Exceptional Access Under the 2008 Stand-by Arrangement
Series: Country Report No. 12/91
April 10, 2012 -- Transcript of the WEO Analytical Chapters Press Briefing
April 10, 2012 -- IMF Survey: Household Debt Holds Back Recoveries but Restructuring Can Help
The more households accumulate debt—mortgages, personal loans, and credit card debt—during a boom, the deeper the subsequent slump in the economy and the weaker the recovery, according to new IMF research published in the April 2012 World Economic Outlook.
March 15, 2012 -- Press Release: Iceland to Repay Early Some Outstanding Obligations to the IMF
March 14, 2012 -- Liberalizing Capital Flows and Managing Outflows - Background Paper
Subject: Capital flows | Korea, Republic of | Iceland | Russian Federation | Ukraine | Capital outflows | Capital controls | Emerging markets | Developing countries | Background papers
March 02, 2012 -- Iceland- 2012 Article IV Consultation Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
January 12, 2012 -- Iceland: Technical Assistance Report on a New Organic Budget Law
Series: Country Report No. 12/4
November 03, 2011 -- IMF Survey: Iceland's Unorthodox Policies Suggest Alternative Way Out of Crisis
As policymakers continue to grapple with the problems facing the crisis-hit countries in the euro area and the clouded economic outlook for the global economy, attention has turned to Iceland, which three years ago saw its entire banking system crumble in just a few days.
October 28, 2011 -- “Global Economic Challenges and Fostering Future Prosperity” Address at the University of Iceland by IMF Deputy Managing Director Nemat Shafik
October 24, 2011 -- IMF Survey: Iceland's Recovery: Can the Lessons Be Applied Elsewhere?
As the first country to experience the full force of the global economic crisis, Iceland is now being up as an example by some of how to overcome deep economic dislocation without undoing the social fabric.
October 20, 2011 -- Transcript of a Press Briefing by Gerry Rice, Acting Director, External Relations Department, International Monetary Fund.
October 03, 2011 -- Press Release: Iceland, IMF Announce International Conference on Lessons, Challenges of Economic Crisis

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