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IMF: Iceland recovery package safe despite Icesave
Following last weekend’s ‘no’ vote in the so-called Icesave referendum, Icelandic authorities have received assurances from the IMF and its Nordic partners that their joint Iceland recovery package is...
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Iceland IMF package on firm ground, government less firm
Iceland’s Minister of Finance says that the country’s IMF recovery package is still on course to conclude this autumn. Steingrimur J. sigfusson also told reporters that possible options to strengthen...
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Iceland and IMF part company
The International Monetary Fund decided at a meeting this week that conditions are right to end its Icelandic financial revival programme on schedule at the end of this month. The final tranche of...
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World financial instability seen as danger to Iceland recovery
According to the latest and final report by the IMF on Iceland’s economic recovery, volcanic eruptions and continued financial instability overseas both have potential to damage Iceland’s economic...
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IMF refutes claim it tried to shut Icelandic national theatre and museum
The head of the IMF mission in Iceland has responded to claims that the Fund asked Iceland to close key public sector cultural institutions like the national theatre and national museum to save money....
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Iceland treasury and central bank pay back ISK 116 billion on IMF loan
The Icelandic state treasury and the Central Bank of Iceland have repaid ISK 116 billion on loans from the IMF and the Nordic countries this month. The money constitutes a prepayment amounting to ISK...
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Iceland makes second early IMF repayment
Iceland has made a second early repayment to the International Monetary Fund (IMF) in a symbolic step that shows the island nation is aggressively working its way out of financial meltdown. The country...
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IMF: Iceland capital controls to remain through 2015
Icelandic authorities will need to keep capital controls in place through 2015, officials from the International Monetary Fund said. The agency said in a statement, “It’s now assumed that capital...
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IMF frowns at Iceland debt write-off plan
A plan to ease mortgage debts of every household in Iceland through a write-off has been criticised by the International Monetary Fund (IMF). An announcement on Saturday by the new government that it...
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EU, IMF Terms Called “Blackmail”: Iceland and Latvia Should Just Say No
An opinion piece written by Ellen Hodgson Brown J.D., a California attorney and the author of eleven books, including “Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free,”...
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IMF schedules second review of Iceland’s economic programme
Ministry of Finance press release: Agreement has been reached on a letter of intent for the second review under Iceland’s Stand-By Arrangement with the IMF. The review is tentatively scheduled to be...
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Swedish handling of economic crisis praised by IMF
Both the Swedish central Bank and government have been praised by the International Monetary Fund (IMF) for their management of the ongoing economic crisis. However, the IMF also warned Sweden that the...
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IMF schedules fifth Iceland recovery review
The International Monetary Fund‘s Executive Board will address the fifth review of Iceland‘s Stand-By Arrangement in a meeting in April. This was announced in a statement by the IMF Mission to Iceland...
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IMF: Iceland recovery package safe despite Icesave
Following last weekend’s ‘no’ vote in the so-called Icesave referendum, Icelandic authorities have received assurances from the IMF and its Nordic partners that their joint Iceland recovery package is...
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