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 controls will remain in place through 2015 because of the limited progress made so far in reducing the stock of offshore krona.”
Tag Archive | "IMF"
IMF: Iceland capital controls to remain through 2015
Posted on 18 November 2012.
Posted in GeneralComments (1)
Iceland makes second early IMF repayment
Posted on 26 June 2012.
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.
Posted in General, Iceland, MBL, PoliticsComments (0)
Iceland treasury and central bank pay back ISK 116 billion on IMF loan
Posted on 16 March 2012.
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.
Posted in Business, Featured, Iceland, International, MBL, Scandinavia, SocietyComments (0)
IMF refutes claim it tried to shut Icelandic national theatre and museum
Posted on 09 February 2012.
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. The claims, made by a government minister, were strongly refuted.
Posted in Art, Culture, Featured, Iceland, International, MBL, Politics, SocietyComments (0)
World financial instability seen as danger to Iceland recovery
Posted on 01 September 2011.
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 recovery, which the report otherwise praises.
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Iceland and IMF part company
Posted on 28 August 2011.
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 funding was also approved by the board.
Posted in Business, Featured, General, Iceland, International, MBL, Politics, SocietyComments (7)
Iceland IMF package on firm ground, government less firm
Posted on 28 April 2011.
Iceland’s Minister of Finance says that the country’s IMF recovery package is still on course to conclude this autumn.
Posted in Business, Featured, General, Iceland, International, MBL, PoliticsComments (4)
IMF: Iceland recovery package safe despite Icesave
Posted on 15 April 2011.
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 not in jeopardy.
Posted in Business, General, Iceland, Icelandic PM´s office, International, MBL, Politics, SocietyComments (0)
