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

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Iceland and the IMF
Updated September 23, 2014

Show all items sorted by date | Annual Meetings Speeches (16) | Article IV Staff Reports (10) | IMF Survey Online (12) | IMF Surveys (2) | IMFC Statements (7) | Joint Meeting of the IMFC and the Development Committee (1) | Letters of Intent (7) | Mission Concluding Statements (13) | News Briefs (1) | Press Releases (23) | Public Information Notices (11) | Publications (41) | Reports on the Observance of Standards and Codes (1) | Speeches (5) | Transcripts (23) | Views & Commentaries (3) | Financial Sector Assessment Program (3) | Other (2) 
Annual Meetings Speeches
October 12, 2012 -- Statement by the Hon. Ossur Skarphédinsson, Governor of the World Bank Group for Iceland, on behalf of the Bank Nordic Countries
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October 13, 2008 -- Statement by the Hon. Arni M. Mathiesen, Governor of the IMF for Iceland, on behalf of the Nordic-Baltic Constituency, at the Joint Annual Discussion
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September 19, 2006 -- Statement by the Hon. Eero Heinaluoma, Governor of the World Bank Group for Finland, on behalf of the Bank Nordic Countries at the Joint Annual Discussion
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September 19, 2006 -- Statement by the Hon. Stefan Ingves Governor of the Fund for Sweden, on behalf of the Nordic Baltic Countries, at the Joint Annual Discussion
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September 25, 2005 -- Statement by the Hon. Svein Gjedrem, Alternate Governor of the Fund for Norway, on behalf of the Nordic-Baltic Constituency, at the Joint Annual Discussion
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September 24, 2005 -- Statement by the Hon. Hilde Frafjord Johnson, Governor of the World Bank, on behalf of the Bank Nordic Countries at the Joint Annual Discussion
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September 23, 2003 -- Statement by the Hon. Birgir Isleifur Gunnarsson, Governor of the Fund for Iceland on behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden at the Joint Annual Discussion
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September 23, 2003 -- Statement by the Hon. Geir Hilmar Haarde, Alternate Governor of the World Bank for Iceland, on behalf of the Bank Nordic Countries, at the Joint Annual Discussion
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September 29, 2002 -- Statement by the Hon. Sauli Niinisto, Governor of the World Bank for Finland, on behalf of the World Bank Nordic Countries, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002
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September 29, 2002 -- Statement by the Hon. Bodil Nyboe Andersen, Alternate Governor of the IMF for Denmark, on behalf of the Fund Nordic-Baltic Group, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002
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September 29, 1999 -- Statement by the Hon. Hilde Frafjord Johnson, Governor of the World Bank for Norway, on behalf of the Bank Nordic Countries, at the Joint Annual Discussion
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September 29, 1999 -- Statement by the Hon. Svein Ingvar Gjedrem, Governor of the IMF for Norway, on behalf of the Fund Nordic and Baltic Countries, at the Joint Annual Discussion
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October 07, 1998 -- Statement by the Hon. Halldor Asgrimsson, Governor of the World Bank for Iceland, on behalf of the Bank Nordic Countries, at the Joint Annual Discussion
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October 06, 1998 -- Statement by the Hon. Matti Vanhala, Governor of the IMF for Finland, on behalf of the Fund Nordic and Baltic Countries, at the Joint Annual Discussion
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September 24, 1997 -- Statement by the Hon. Birgir Isl. Gunnarsson, Governor of the IMF for Iceland on behalf of the Fund Nordic Countries, at the Joint Annual Discussion.
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September 24, 1997 -- Statement by the Hon. Sauli Niinisto, Governor of the World Bank for Finland on behalf of the Bank Nordic Countries, at the Joint Annual Discussion.
PDF File Size: 32Kb
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Article IV Staff Reports
April 12, 2012 -- Iceland: Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion
Series: Country Report No. 12/89
October 04, 2010 -- Iceland: 2010 Article IV Consultation and Third Review under Stand-By Arrangement and Request for Modification of Performance Criteria-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland.
Series: Country Report No. 10/305
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
August 29, 2007 -- Iceland: 2007 Article IV Consultation - Staff Report; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 07/295
August 08, 2006 -- Iceland: 2006 Article IV Consultation - Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 06/296
October 14, 2005 -- Iceland: 2005 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. 05/367
August 29, 2003 -- Iceland: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iceland
Series: Country Report No. 03/266
July 03, 2002 -- Iceland: 2002 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iceland
Series: Country Report No. 02/130
July 03, 2002 -- Iceland: 2002 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iceland
Series: Country Report No. 02/130
June 12, 2001 -- Iceland: 2001 Article IV Consultation -- Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Iceland
Series: Country Report No. 01/81
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IMF Survey Online
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.
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 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.
April 15, 2011 -- IMF Survey: IMF Support Helping Restore Growth but Key Risks Ahead
A new study finds that countries which sought financial support from the IMF in late 2008, after the failure of Lehman Brothers, are experiencing a return to growth. IMF financing helped countries stabilize their economies when their access to financial markets was seriously curtailed.
October 05, 2010 -- IMF Survey: Recovery in Sight for Iceland
Iceland has made impressive progress under the IMF-supported program, reflecting strong policies that have stabilized the economy and improved debt dynamics following the crash in October 2008.
April 22, 2010 -- IMF Survey: World Must Now Focus on Financial Sector Reform, Says IMF
The international economy is recovering faster than expected from the global crisis, but the world remains a dangerous place and governments should now focus on stepping up reform of financial sector regulation to avoid future crises, says IMF Managing Director Dominique Strauss-Kahn.
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.
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.
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 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.
October 26, 2008 -- IMF Survey: IMF Set to Lend $16.5 Billion to Ukraine
The International Monetary Fund announces outline plans to lend $16.5 billion to Ukraine to support a policy package the country has assembled to maintain economic and financial stability. Ukraine's economy has been affected by the global financial turmoil and falling steel prices.
October 24, 2008 -- IMF Survey: IMF and Iceland Outline $2.1 Billion Loan Plan
The IMF announces an initial agreement with Iceland on a $2.1 billion two-year loan to support an economic recovery program to help the island restore confidence in its banking system and stabilize its currency.
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IMF Surveys
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
October 16, 2006 -- IMF Survey:
John Lipsky on IMF role; Liberia; Middle East outlook; Country briefs: Chile, Iceland; Ukraine reforms; Syria's oil crunch; Measuring sovereign risk; Maastricht inflation criterion; financial sector supervision; IMF bookstore; Nouriel Roubini PDF File Size: 771Kb
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IMFC Statements
April 11, 2014 -- IMFC Statement by Ms. Jutta Urpilainen, Minister of Finance, Finland
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 183Kb
October 12, 2013 -- IMFC Statement by Rimantas Šadžius, Minister of Finance, Lithuania
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 150Kb
April 20, 2013 -- IMFC Statement by Anders Borg, Minister of Finance, Ministry of Finance, Sweden
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 156Kb
October 13, 2012 -- 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: 523Kb
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
September 24, 2011 -- IMFC Statement by Nils Bernstein, Governor and Chairman of the Board of Governors, Danmarks Nationalbank, Denmark
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 271Kb
April 16, 2011 -- IMFC Statement by Sigbjoern Johnsen, Minister of Finance, Ministry of Finance, Norway
On behalf of: Denmark, Republic of Estonia, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 470Kb
October 09, 2010 -- IMFC Statement by Sigbjoern Johnsen, Minister of Finance, Ministry of Finance, Norway
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 456Kb
April 24, 2010 -- IMFC Statement by Jyrki Katainen, Minister of Finance, Ministry of Finance, Finland
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 344Kb
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
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
October 11, 2008 -- IMFC Statement by Stefan Ingves, Governor, Sveriges Riksbank
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 365Kb
April 12, 2008 -- IMFC Statement by the Honourable Statement by Anders Borg, Minister of Finance of Sweden
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 355Kb
October 20, 2007 -- IMFC Statement by Jyrki Katainen Minister of Finance, Finland
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 199Kb
April 14, 2007 -- IMFC Statement by Mr. Eero Heinäluoma, Minister of Finance, Finland
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 145Kb
September 17, 2006 -- IMFC Statement by Mr. Eero Heinäluoma, Minister of Finance of Finland
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 286Kb
April 22, 2006 -- IMFC Statement by H.E. Eero Heinäluoma, Minister of Finance, Finland
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 54Kb
September 24, 2005 -- IMFC Statement by Mr. Per-Kristian Foss, Minister of Finance of Norway
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 58Kb
April 16, 2005 -- IMFC Statement by Mr. Per-Kristian Foss, Minister of Finance, Norway
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 53Kb
October 02, 2004 -- IMFC Statement by Mr. Per-Kristian Foss, Minister of Finance of Norway
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 576Kb
April 27, 2004 -- IMFC Statement by Mr. Foss, Minister of Finance, Norway
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 589Kb
September 21, 2003 -- Statement by Geir H. Haarde, Minister of Finance, Iceland, on behalf of the Nordic and Baltic countries i.e. Denmark, Finland, Estonia, Iceland, Latvia, Lithuania, Norway, and Sweden, to the IMFC Meeting in Dubai, September 21, 2003
April 12, 2003 -- IMFC Statement by Geir H. Haarde, Minister of Finance, Iceland, April 12, 2003
The International Monetary and Financial Committee statement on behalf of the of the constituency comprising Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden
September 28, 2002 -- Statement by Mr. Geir H. Haarde, Minister of Finance of Iceland, on behalf of the Nordic and Baltic countries, Denmark, Finland, Estonia, Iceland, Latvia, Lithuania, Norway and Sweden to the IMFC Meeting in Washington, September 28, 2002
The International Monetary and Financial Committee statement on behalf of Nordic and Baltic countries, Denmark, Finland, Estonia, Iceland, Latvia, Lithuania, Norway and Sweden
April 20, 2002 -- Statement by Mr. Geir H. Haarde, Minister of Finance, Iceland, on behalf of the Nordic and Baltic countries to the IMFC-meeting in Washington, April 20, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden
November 17, 2001 -- Statement by Mr. Sauli Niinistö, Minister of Finance of Finland, on behalf of the Nordic and Baltic countries, to the International Monetary and Financial Committee meeting in Ottawa, November 17, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden
April 29, 2001 -- Statement by Mr. Sauli Niinistö, Minister of Finance, Finland, On behalf of the Nordic and Baltic countries at the International Monetary and Financial Committee Meeting April 29, 2001
The International Monetary and Financial Committee member for the constituency consisting of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden.
April 16, 2000 -- Speech by Mr. Sauli Niinistö, Minister of Finance, Finland on behalf of the Nordic and Baltic countries at the International Monetary and Financial Committee meeting on April 16, 2000
The International Monetary and Financial Committee member for the constituency consisting of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden
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Joint Meeting of the IMFC and the Development Committee
April 29, 2001 -- IMFC-Development Committee Joint Meeting, April 29, 2001 Statement by Mr. Bosse Ringholm, Minister of Finance, Sweden on behalf of the Nordic and Baltic countries
The International Monetary and Financial Committee member for the constituency consisting of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden
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Letters of Intent
August 16, 2011 -- Iceland -- Letter of Intent, and Technical Memorandum of Understanding, August 16, 2011
PDF File Size: 465Kb
May 19, 2011 -- Iceland -- Letter of Intent, and Technical Memorandum of Understanding, May 19, 2011
PDF File Size: 542Kb
December 22, 2010 -- Iceland -- Letter of Intent, and Technical Memorandum of Understanding, December 22, 2010
PDF File Size: 530Kb
September 13, 2010 -- Iceland -- Letter of Intent, and Technical Memorandum of Understanding, September 13, 2010
PDF File Size: 594Kb
April 07, 2010 -- Iceland -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 07, 2010
PDF File Size: 484Kb
October 20, 2009 -- Iceland -- Iceland: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, October 20, 2009
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November 15, 2008 -- Iceland -- Letter of Intent and Technical Memorandum of Understanding, November 15, 2008
PDF File Size: 461Kb
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Mission Concluding Statements
May 23, 2014 -- Iceland—Concluding Statement of the Fourth Post-Program Monitoring Mission
June 14, 2013 -- Iceland--Concluding Statement of an IMF mission for the 2013 Article IV Consultation and the Third Post-Program Monitoring Discussion
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.
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.
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.
July 04, 2008 -- Iceland --- 2008 Article IV Consultation Concluding Statement
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 11, 2007 -- Iceland - 2007 Article IV Consultation, Concluding Statement
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.
May 15, 2006 -- Iceland -- 2006 Article IV Consulation, 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.
June 13, 2005 -- Iceland -- 2005 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.
October 25, 2004 -- Iceland -- 2004 IMF Staff Visit, Concluding Statement
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 02, 2003 -- Iceland--2003 Article IV Consultation Concluding Statement of the 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.
March 27, 2002 -- Iceland -- 2002 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 18, 2001 -- Iceland - 2001 IMF Article IV Consultation - Concluding Statement of the Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions. Missions are undertaken as part of regular consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources, as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
January 28, 1999 -- Concluding Remarks of 1999 Article IV Consultation--Iceland
At the conclusion of annual Article IV bilateral discussions with the authorities, and prior to the preparation of the staff's report to the Executive Board, the IMF mission often provides the authorities with a statement of its preliminary findings.
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News Briefs
March 28, 2001 -- News Brief: IMF Welcomes Flotation of Iceland's Króna
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Other
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
August 01, 2009 -- Iceland Press Release 2009/1
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Press Releases
July 10, 2014 -- Press Release: IMF Executive Board Concludes the Fourth Post-Program Monitoring Discussions with Iceland
August 07, 2013 -- Press Release: IMF Executive Board Concludes 2013 Article IV Consultation and Third Post Program Monitoring Discussions with Iceland
June 22, 2012 -- Press Release: Iceland Repays Early Some Outstanding Obligations to the IMF
March 15, 2012 -- Press Release: Iceland to Repay Early Some Outstanding Obligations to the IMF
October 03, 2011 -- Press Release: Iceland, IMF Announce International Conference on Lessons, Challenges of Economic Crisis
August 26, 2011 -- Press Release: IMF Completes Sixth and Final Review Under the Stand-By Arrangement for Iceland
July 01, 2011 -- Press Release: Statement by an IMF Mission to Iceland
June 03, 2011 -- Press Release: IMF Completes Fifth Review Under the Stand-By Arrangement for Iceland
May 05, 2011 -- Press Release: Statement by the IMF Mission to Iceland
February 11, 2011 -- Press Release: Statement at the Conclusion of an IMF Mission to Iceland
January 11, 2011 -- Press Release: IMF Completes Fourth Review Under the Stand-By Arrangement for Iceland
November 14, 2010 -- Press Release: Statement by the IMF Mission to Iceland
September 29, 2010 -- Press Release: IMF Completes Third Review Under Stand-By Arrangement for Iceland, Concludes 2010 Article IV Consultation
June 28, 2010 -- Press Release: Statement by the IMF Mission to Iceland
April 16, 2010 -- Press Release: IMF Completes Second Review Under Stand-By Arrangement for Iceland, Extends the Arrangement, Rephases Access and Approves US $160 Million Disbursement
April 09, 2010 -- Press Release: IMF Statement on Iceland
December 14, 2009 -- Press Release: Statement by the IMF Mission to Iceland
October 28, 2009 -- Press Release: IMF Completes First Review Under Stand-By Arrangement with Iceland, Extends Arrangement, and Approves US$167.5 Million Disbursement
May 29, 2009 -- Press Release: Statement by the IMF Mission to Iceland
March 13, 2009 -- Press Release: Statement by the IMF Mission to Iceland
December 18, 2008 -- Press Release: Statement by the IMF Mission to Iceland
November 19, 2008 -- Press Release: IMF Executive Board Approves US$2.1 Billion Stand-By Arrangement for Iceland
October 24, 2008 -- Press Release: IMF Announces Staff Level Agreement with Iceland on US$2.1 Billion Loan
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Public Information Notices
November 19, 2012 -- Public Information Notice: IMF Executive Board Concludes Second Post-Program Monitoring Discussion with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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.
October 04, 2010 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 19, 2008 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 29, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 08, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 14, 2005 -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 29, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 03, 2002 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with Iceland
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
May 24, 2001 -- Public Information Notice: IMF Concludes Article IV Consultation with Iceland
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
May 20, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Iceland
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
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Publications
September 23, 2014 -- New Iceland: Technical Assistance Report-Modernizing the Icelandic VAT
Series: Country Report No. 14/291
September 03, 2014 -- Iceland: Report on Observance of Standards and Codes (ROSC)
Series: Country Report No. 14/257
July 10, 2014 -- Iceland: Fourth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland
Series: Country Report No. 14/194
December 16, 2013 -- Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures
Author/Editor: Audun Groenn | Maria Wallin Fredholm
Series: Working Paper No. 13/242
August 07, 2013 -- Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions
Series: Country Report No. 13/256
August 07, 2013 -- Iceland: Selected Issues
Series: Country Report No. 13/257
November 19, 2012 -- Iceland: Second Post-Program Monitoring Discussions
Series: Country Report No. 12/309
November 01, 2012 -- Allocating Business Income between Capital and Labor under a Dual Income Tax: The Case of Iceland
Author/Editor: Matheson, Thornton | Kollbeins, Pall
Series: Working Paper No. 12/263
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
January 12, 2012 -- Iceland: Technical Assistance Report on a New Organic Budget Law
Series: Country Report No. 12/4
August 31, 2011 -- Iceland: Sixth Review Under the SBA and Proposal for Post-Program Monitoring - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland.
Series: Country Report No. 11/263
June 16, 2011 -- Iceland: Advancing Tax Reform and theTaxation of Natural Resources
Series: Country Report No. 11/138
June 06, 2011 -- Iceland: Fifth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria and Rephasing of Access—Staff Report; Informational Annex; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland.
Series: Country Report No. 11/125
January 14, 2011 -- Iceland: Fourth Review under Stand-By Arrangement, Request for Waivers of Applicability, and Request for Establishment of Performance Criteria-Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland.
Series: Country Report No. 11/16
October 04, 2010 -- Iceland: Selected Issues Paper
Series: Country Report No. 10/304
July 16, 2010 -- Iceland: Improving the Equity and Revenue Productivity of the Icelandic Tax System
Series: Country Report No. 10/213
July 01, 2010 -- Of Runes and Sagas: Perspectives on Liquidity Stress Testing Using an Iceland Example
Author/Editor: Cihák, Martin | Ong, Li
Series: Working Paper No. 10/156
April 20, 2010 -- 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.
Series: Country Report No. 10/95
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
February 11, 2009 -- Iceland: Stand-By Arrangement - Interim Review Under the Emergency Financing Mechanism
Series: Country Report No. 09/52
December 08, 2008 -- Iceland: Financial System Stability Assessment - Update
Series: Country Report No. 08/368
November 25, 2008 -- Iceland: Request for Stand-By Arrangement - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland
Series: Country Report No. 08/362
December 01, 2007 -- Estimating Iceland's Real Equilibrium Exchange Rate
Author/Editor: Tchaidze, Robert
Series: Working Paper No. 07/276
October 26, 2007 -- Financial Integration in the Nordic-Baltic Region: Challenges for Financial Policies
Author/Editor: Tieman, Alexander F. | Khamis, May Y. | Haas, François | Schoenmaker, Dirk
October 01, 2007 -- Toward a Robust Fiscal Framework for Iceland: Motivation and Practical Suggestions
Author/Editor: Annett, Anthony
Series: Working Paper No. 07/235
August 29, 2007 -- Iceland: Selected Issues
Series: Country Report No. 07/296
July 26, 2007 -- Iceland: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Series: Country Report No. 07/254
November 01, 2006 -- Stabilizing Inflation in Iceland
Author/Editor: Honjo, Keiko | Hunt, Ben
Series: Working Paper No. 06/262
August 08, 2006 -- Iceland: Selected Issues
Series: Country Report No. 06/297
November 22, 2005 -- Iceland: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework
Series: Country Report No. 05/414
October 14, 2005 -- Iceland: Selected Issues
Series: Country Report No. 05/366
August 29, 2003 -- Iceland: Financial System Stability Assessment Update, including Report on the Observance and Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Securities Regulation, Payment Systems, and Monetary and Financial Policy Transparency
Series: Country Report No. 03/271
July 03, 2002 -- Iceland: Selected Issues
Series: Country Report No. 02/129
July 03, 2002 -- Iceland: Selected Issues
Series: Country Report No. 02/129
June 12, 2001 -- Iceland: Selected Issues and Statistical Appendix
Series: Country Report No. 01/82
June 12, 2001 -- Iceland -- Financial System Stability Assessment
Series: Country Report No. 01/85
July 27, 1999 -- Iceland - Selected Issues
Series: IMF Staff Country Report No. 99/68
April 08, 1997 -- Iceland-Recent Economic Developments
Series: IMF Staff Country Report No. 97/15
March 15, 1996 -- Iceland - Statistical Appendix
Series: IMF Staff Country Report No. 96/17
Notes: This statistical appendix on Iceland was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Iceland or the Executive Board of the IMF.
June 08, 1995 -- Iceland - Recent Economic Developments
Series: IMF Staff Country Report No. 95/47
Notes: This report on recent economic developments in Iceland was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
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Reports on the Observance of Standards and Codes
June 12, 2001 -- Report on the Observance of Standards and Codes: Iceland -- Table of Contents
These reports summarize the extent to which countries observe certain internationally recognized standards, focusing primarily on the areas of direct operational concern to the IMF.
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Speeches
March 07, 2013 -- Communication, Engagement, and Effective Economic Reform: The IMF Experience, By Nemat Shafik, Deputy Managing Director, International Monetary Fund, London
October 28, 2011 -- “Global Economic Challenges and Fostering Future Prosperity” Address at the University of Iceland by IMF Deputy Managing Director Nemat Shafik
May 12, 2005 -- The Financial Stability Assessment Framework of the IMF: Experience in Europe, Keynote Address by Mr. Takatoshi Kato, Deputy Managing Director, IMF
June 24, 2004 -- The IMF at 60: What Role for the Future? Anne O. Krueger, First Deputy Managing Director, IMF
Lecture at the Central Bank of Iceland, Reykjavik
January 06, 2001 -- Exchange Rate Regimes: Is the Bipolar View Correct? -- Address by Stanley Fischer
Prepared for delivery as the Distinguished Lecture on Economics in Government, jointly sponsored by the American Economic Association and the Society of Government Economists, at the meetings of the American Economic Association, New Orleans
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Transcripts
July 11, 2014 -- Transcript of a Conference Call on Iceland
April 12, 2012 -- Transcript of a Conference Call on Iceland 2012 Article IV Consultation
April 10, 2012 -- Transcript of the WEO Analytical Chapters Press Briefing
October 20, 2011 -- Transcript of a Press Briefing by Gerry Rice, Acting Director, External Relations Department, International Monetary Fund.
August 31, 2011 -- Transcript of a Conference Call on the Conclusion of the Sixth Review under the IMF-supported program with Iceland
June 06, 2011 -- Transcript of a Conference Call on Iceland
January 14, 2011 -- Transcript of a Conference Call on Iceland
November 04, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, International Monetary Fund
September 10, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director of the IMF's External Relations Department
April 22, 2010 -- Transcript of a Press Conference by International Monetary Fund Managing Director Dominique Strauss-Kahn with First Deputy Managing Director John Lipsky and External Relations Department Director Caroline Atkinson
April 01, 2010 -- Transcript of a Press Briefing by Gerry Rice, Deputy Director, External Relations Department, International Monetary Fund
March 04, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
January 22, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department International Monetary Fund
January 14, 2010 -- Transcript of a Press Conference by International Monetary Fund Managing Director Dominique Strauss-Kahn with John Lipsky, First Deputy Managing Director, and Caroline Atkinson, Director, External Relations
November 06, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director of External Relations, International Monetary Fund
November 02, 2009 -- Transcript of a Conference Call on the Completion of the First Review of Iceland’s Stand-By Arrangement with Mark Flanagan, Mission Chief for Iceland, and Franek Rozwadowski, Resident Representative in Iceland
September 10, 2009 -- Transcript of a Press Briefing by Mr. David Hawley, Senior Advisor, External Relations Department, IMF
July 30, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF
November 20, 2008 -- Transcript of a Conference Call on the IMF's Executive Board Approval of a Stand-By Arrangement for Iceland
November 13, 2008 -- Transcript of Regular Press Briefing by David Hawley, Senior Advisor, External Relations Department
October 30, 2008 -- Transcript of a Press Conference by IMF Chief Dominique Strauss-Kahn on the Launch of a New Lending Facility for Emerging Markets
October 12, 2008 -- Transcript of a Panel Discussion on the Role and Governance of the IMF: Further Reflections on Reform - The Per Jacobsson Foundation
April 11, 2006 -- Transcript of a Press Conference on the Global Financial Stability Report
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Views & Commentaries
November 13, 2009 -- Letter from IMF Managing Director to Open Civil Meetings, Iceland
March 10, 2009 -- IMF responds to foreign depositors in Icelandic banks, Letter by Mark Flanagan, IMF Mission Chief for Iceland
November 12, 2008 -- Interview with IMF Managing Director Dominique Strauss-Kahn, Published in Caijing Magazine, November 8, 2008