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 | "international monetary fund"
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)
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)
Straumur collapse keeps IMF staff in Iceland longer
Posted on 10 March 2009.
The stay of the International Monetary Fund delegation in Iceland was due to end today, but has now been extended to Friday. Mark Flanagan, who leads the delegation, will meet with media representatives on Friday, mbl.is reports. The main reason for the extension in the IMF stay is apparently yesterday’s nationalisation of Straumur Burdaras Bank. [...]
Posted in Business, Iceland, International, MBL, PoliticsComments (7)
International Monetary Fund approves Iceland´s request for a two year stand-by arrangement
Posted on 20 November 2008.
PRESS RELEASE FROM THE ICELANDIC PRIME MINISTER’S OFFICE: The Executive Board of the International Monetary Fund (IMF) has approved Iceland’s request for a two year stand-by arrangement. Iceland will receive USD 2.1 bn. from the IMF.
Posted in Business, Iceland, Icelandic PM´s office, MBL, PoliticsComments (88)
IMF Executive Board Approves US$2.1 Billion Stand-By Arrangement for Iceland
Posted on 20 November 2008.
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: The Executive Board of the International Monetary Fund (IMF) today approved a two-year SDR 1.4 billion (about US$2.1 billion) Stand-By Arrangement for Iceland to support the country’s program to restore confidence and stabilize the economy.
Posted in Business, Iceland, MBL, PoliticsComments (14)
Iceland IMF loan decision expected in less than ten hours
Posted on 19 November 2008.
A meeting of the board of the International Monetary fund (IMF) on the subject of Iceland’s loan request is scheduled today. The meeting in Washington DC will go ahead at 15.00, which is 20.00 GMT in Reykjavik and London. The board’s decision on the loan application is expected before midnight GMT, if the meeting goes [...]
Posted in Business, Iceland, International, MBL, PoliticsComments (28)
Icelandic hopes for IMF loan rise
Posted on 17 November 2008.
Iceland’s loan from the International Monetary Fund will be completed this Wednesday, the head of the IMF said on Saturday in Washington, Bloomberg reported.
Posted in Business, Iceland, MBL, Politics, United StatesComments (1)
