IMF Staff Country Reports

Iceland: Second Post-Program Monitoring Discussions

Publication Date:

November 19, 2012

Electronic Access:

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Summary:

The report throws light on the process of recovery from the global financial crisis in Iceland. The strong growth performance witnessed in 2011 seems to continue in 2012. The closing output gap and the decline in unemployment have been marked as positive changes. The major external and internal risks to the financial sector are highlighted, and emphasis is laid on the need to address risks and achieve fiscal targets by maintaining a strong, independent, and adequately resourced Financial Supervisory Authority (FME).

Series:

Country Report No. 2012/309

Subject:

Balance of payments Banking Capital account liberalization Capital controls External debt Inflation Prices Public debt