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.

• Main Author: International Monetary Fund
• Format: Report
• Language: unknown
• Subjects: Strauss; Kahn; Iceland
• Online Access: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23806

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....