Iceland : Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion

Publication Date: April 12, 2012
Electronic Access: Free Full text (PDF file size is 1,725KB).
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Summary: The 2012 Article IV Consultation reports that Iceland’s fiscal consolidation is continuing, but at a slower pace. Moderate expenditure overruns materialized in 2011, which will partly spill over to 2012 and the medium term. A key priority is to put the medium-term fiscal path back on track, which can be achieved with additional fiscal measures of ½ percent of GDP. Lifting the capital controls remains an overarching policy challenge, given the significant locked-in funds.
Series: Country Report No. 12/89
Subject(s): Article IV consultation reports | Bank restructuring | Banking sector | Capital controls | Debt restructuring | Debt sustainability analysis | Economic indicators | Economic recovery | Post-program monitoring | Staff Reports

Publication Date: April 12, 2012
ISBN/ISSN: 9781475503111/1934-7685 Format: Paper
Stock No: 1ISLEA2012002 Pages: 69
US$18.00 (Academic Rate:
US$18.00 )
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