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 2.7 3.1
Consumer Prices 2.9 3.4
Source: World Economic Outlook (April 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

Watch an interview with the Mission Chief for Iceland
Part I | Part II

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Iceland and the IMF
Updated April 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 28, 2009 -- Press Release: IMF Completes First Review Under Stand-By Arrangement with Iceland, Extends Arrangement, and Approves US$167.5 Million Disbursement
October 21, 2009 -- IMF Survey: Iceland: Quiet Progress on Key Reforms
A new government has been working with quiet determination to rebuild Iceland’s crisis-hit economy in consultation with the IMF. In an interview, IMF mission chief for Iceland Mark Flanagan talks about how far the country has come since its banking crisis last October.
October 20, 2009 -- Iceland -- Iceland: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, October 20, 2009
PDF File Size: 498Kb
October 20, 2009 -- Iceland: Staff Report for First Review under Stand-By Arrangement and Requests for Extension of the Arrangement, Waivers of Nonobservance of Performance Criteria, and Rephasing of Access
Series: Country Report No. 09/306
October 04, 2009 -- IMFC Statement by Anders Borg, Minister of Finance, Sweden
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 405Kb
September 10, 2009 -- Transcript of a Press Briefing by Mr. David Hawley, Senior Advisor, External Relations Department, IMF
August 01, 2009 -- Iceland Press Release 2009/1
July 30, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF
May 29, 2009 -- Press Release: Statement by the IMF Mission to Iceland
April 25, 2009 -- IMFC Statement by H.E. Anders Borg, Minister of Finance, Sweden
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 479Kb
March 13, 2009 -- Press Release: Statement by the IMF Mission to Iceland
March 10, 2009 -- IMF responds to foreign depositors in Icelandic banks, Letter by Mark Flanagan, IMF Mission Chief for Iceland
February 24, 2009 -- IMF Survey: IMF Backs Iceland As It Struggles with Uncertainty
The IMF is helping Iceland recover from the financial crisis. The IMF's new mission chief for Iceland, Mark Flanagan, looks at the economic challenges ahead, explains what role the IMF is playing in the restructuring of Iceland's banks, and how its money is being used.
February 11, 2009 -- Iceland: Stand-By Arrangement - Interim Review Under the Emergency Financing Mechanism
Series: Country Report No. 09/52
January 14, 2009 -- IMF Survey: IMF Helping Counter Crisis Fallout in Emerging Europe
The financial crisis has hit Europe hard. In an interview, IMF European Department head Marek Belka talks about Europe's prospects for recovery and the principles that guide the Fund as it seeks to help Europe's emerging economies counter the fallout of the crisis.
December 31, 2008 -- IMF Survey:
Global financial crisis, Iceland, Poul Thomsen, IMF work program, IMF Shocks Facility, Kyrgyz Republic; Malawi; Exogenous Shocks Facility, Pakistan loan, IMF and social safety nets, gains against poverty in jeopardy, commodity prices slump, Latin America withstands shocks, Improved policies help Latin America, Asian Regional Outlook, Bosnia and Herzegovina, news briefs PDF File Size: 362Kb
December 18, 2008 -- Press Release: Statement by the IMF Mission to Iceland
December 08, 2008 -- Iceland: 2008 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iceland
Series: Country Report No. 08/367
December 08, 2008 -- Iceland: Financial System Stability Assessment - Update
Series: Country Report No. 08/368
December 02, 2008 -- IMF Survey: Iceland Gets Help to Recover From Historic Crisis
The IMF has approved a $2.1 billion loan to Iceland to help it recover from the financial crisis and restore confidence in its currency. The IMF's mission chief for Iceland, Poul Thomsen, talks about the crisis and Iceland's plans for dealing with the repercussions.

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