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.

Author/Editor:

International Monetary Fund

Publication Date:

June 6, 2011

Electronic Access:

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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):

English

Publication Date:

June 6, 2011

ISBN/ISSN:

9781455272501/1934-7685

Stock No:

1ISLEA2011002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

88

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