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.

Publication Date: June 06, 2011
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Summary: The paper describes the impressive economic progress made by Iceland in implementing program policies, stabilizing the exchange rate, and bringing inflation down, under a program supported by a Stand-By Arrangement (SBA). The authorities noted that key challenges are to reduce the high level of unemployment, lift capital controls, accelerate private sector debt restructuring, and strengthen financial sector supervision and regulation. The full implementation of the economic program will create favorable conditions for economic progress based on sustainable public finances, private enterprise, and free markets.
Series: Country Report No. 11/125
Subject(s): Banks | Capital controls | Corporate sector | Debt restructuring | Debt sustainability analysis | Economic indicators | Financial sector | Performance criteria modifications | Staff Reports | Stand-by arrangement reviews

Publication Date: June 06, 2011
ISBN/ISSN: 9781455272501/1934-7685 Format: Paper
Stock No: 1ISLEA2011002 Pages: 88
US$18.00 (Academic Rate:
US$18.00 )
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