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Iceland: Second Post-Program Monitoring Discussions
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 309
Language:
English
Publication Date:
19 Nov 2012
DOI:
https://doi.org/10.5089/9781475569674.002
ISBN:
9781475569674
ISSN:
1934-7685
Pages:
49
Keywords:
ISCR; CR; liberalization; liberalization strategy; ISK; inflation prospect; capital control; capital liberalization strategy; headline current account balance; implementation risk; exchange rate; Capital controls; Capital account liberalization; Inflation
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The report throws light on the process of recovery from the global financial crisis in Iceland. The strong growth performance witnessed in 2011 seems to continue in 2012. The closing output gap and the decline in unemployment have been marked as positive changes. The major external and internal risks to the financial sector are highlighted, and emphasis is laid on the need to address risks and achieve fiscal targets by maintaining a strong, independent, and adequately resourced Financial Supervisory Authority (FME).
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund