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.

Publication Date: January 14, 2011
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Summary: Iceland has made considerable progress under an economic program supported by the Stand-By Arrangement (SBA). Successful implementation of fiscal adjustment, effective use of capital controls, and financial sector restructuring have underpinned the recovery. Executive Directors emphasized that Iceland should continue to build up its stock of international reserves. They welcomed the new framework for corporate debt restructuring, passage of the 2011 budget, and the agreement on Icesave dispute. The IMF Board appreciated efforts in achieving program targets and granted a waiver for maintaining the economic growth of the country.
Series: Country Report No. 11/16
Subject(s): Bank reforms | Debt restructuring | Economic growth | Economic indicators | Economic recovery | Fiscal consolidation | Press releases | Staff Reports | Stand-by arrangement reviews

Publication Date: January 14, 2011
ISBN/ISSN: 9781455213702/1934-7685 Format: Paper
Stock No: 1ISLEA2011001 Pages: 80
US$18.00 (Academic Rate:
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