European Parliament Library

Iceland :, Fifth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria and Rephasing of Access—Staff Report; Informational Annex; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland

The paper describes the impressive economic progress made by Iceland in implementing program policies, stabilizing the exchange rate, and bringing inflation down, under a program supported by a Stand-By Arrangement (SBA). The authorities noted that key challenges are to reduce the high level of unemployment, lift capital controls, accelerate private sector debt restructuring, and strengthen financial sector supervision and regulation. The full implementation of the economic program will create favorable conditions for economic progress based on sustainable public finances, private enterprise, and free markets
Table Of Contents
Cover; Contents; I. Recent Economic Developments; Boxes; 1. Treatment of the Icesave Dispute in the Fiscal and External Accounts; Figures; 1. Recent Developments in Demand and Labor; 2. Price and Exchange Rate Developments; 3. Financial and Credit Markets Developments; II. Outlook; 4. Macroeconomic Outlook Compared to the Fourth Review and Other Crisis Cases; 2. Tackling Unemployment in Iceland; 5. Labor Market Developments; III. Policy Discussions; A. Capital Controls; 6. Capital Control Liberalization Challenges; 3. Key Features of Iceland's Revised Strategy for Lifting Capital Controls
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (89 p.)
Specific Material Designation
Form Of Item

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