The Icelandic government has promised the IMF that it will not write off the debts of householders struggling to keep up with their mortgage repayments. Protesters have been stepping up pressure on the government to do more to help householders out of trouble – which was a key election promise. Read the full story

The Executive Board of the International Monetary Fund (IMF) today approved the third review of the Economic Recovery Programme agreed by the IMF and the Icelandic government. This opens the way for disbursement of the third tranche of the Fund’s loan provided to the Icelandic government which amounts to around ISK 19 billion. In addition, loans from Poland and Nordic countries are also expected to be forthcoming following the review. Read the full story

The International Monetary Fund has confirmed that the third review of its Iceland recovery package will take place on 29th September. Read the full story

Iceland is among the developed countries with the least room for manoeuvre to deal with unexpected shocks to state finances, according to a new study released by the IMF. Read the full story

Iceland’s Credit Default Swap (CDS) level has plummeted this week and now stands at 285 points, compared to 600 at the beginning of the year. Economists say the improvement is partly down to IMF statements of confidence that the country is recovering well. Read the full story

Andres Magnusson, the head of the Icelandic Confederation of Trade and Services, says that redundancies and recession would be the result of increasing Value Added Tax on certain goods and services, as recommended by the International Monetary Fund. Read the full story

An IMF delegation has been in Iceland for the last two weeks preparing the way for the Fund’s third review of its economic rescue package with the country. Read the full story

Both the Swedish central Bank and government have been praised by the International Monetary Fund (IMF) for their management of the ongoing economic crisis. Read the full story

The IMF says there are increasing signs that Iceland’s recession, although deep, will not be as harsh as feared and economic growth is expected to start again some time this year, despite a predicted 3 percent recession in 2010 as a whole. Read the full story

The Executive Board of the International Monetary Fund has signed off on its second review of the Icelandic economic recovery package. The Icelandic authorities will now have access to ISK 105 billion (approx. USD 830 million) in foreign currency. Read the full story