Iceland: Staff Report for Second Review Under Stand-By Arrangement and Request for Extension of the Arrangement, Rephasing of Access and Establishment of Performance Criteria.

April 21, 2010

Preview Citation

Format: Chicago

Iceland: Staff Report for Second Review Under Stand-By Arrangement and Request for Extension of the Arrangement, Rephasing of Access and Establishment of Performance Criteria., (USA: International Monetary Fund, 2010) accessed December 25, 2024

Summary

This report discusses Iceland’s Second Review under the Stand-By Arrangement and Request for Extension of the Arrangement. Supportive fiscal policies have helped consumption hold up better than expected, while the external sector has benefited from currency depreciation and higher commodity prices. The overall improvements in inflation and the trade and current account balances since the late 2008 crisis have been striking. Indicators suggest firming consumer sentiment, and stable inflation expectations, but still weak business sentiment.

Subject: Asset and liability management, Banking, Debt restructuring, External debt, Financial institutions, Loans, National accounts, Private debt, Public debt

Keywords: CR, Crisis, Debt restructuring, Deficit, Deficit adjustment, Dominique Strauss-Kahn, Economy of Iceland, Iceland's economy, Iceland's effort, Inflation expectation, ISCR, Loans, Private debt, Savings bank

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/095
Stock No:

1ISLEA2010001
ISBN:

9781455207930
ISSN:

1934-7685

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