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 unem...
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ftrepec:oai:RePEc:imf:imfscr:11/125 2024-04-14T08:13:24+00:00 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. International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=24897 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=24897 preprint ftrepec 2024-03-19T10:25:42Z 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. Economic indicators;Financial sector;Banks;Capital controls;Debt restructuring;Debt sustainability analysis;Corporate sector;Staff Reports;Performance criteria modifications;Press releases;Private sector;Monetary policy;Fiscal policy;Iceland;Stand-by arrangement reviews;external debt, central bank, capital account liberalization Report Iceland RePEc (Research Papers in Economics) |
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Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
description |
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. Economic indicators;Financial sector;Banks;Capital controls;Debt restructuring;Debt sustainability analysis;Corporate sector;Staff Reports;Performance criteria modifications;Press releases;Private sector;Monetary policy;Fiscal policy;Iceland;Stand-by arrangement reviews;external debt, central bank, capital account liberalization |
format |
Report |
author |
International Monetary Fund |
spellingShingle |
International Monetary Fund 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. |
author_facet |
International Monetary Fund |
author_sort |
International Monetary Fund |
title |
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. |
title_short |
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. |
title_full |
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. |
title_fullStr |
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. |
title_full_unstemmed |
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. |
title_sort |
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. |
url |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24897 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24897 |
_version_ |
1796311383850090496 |