Postponement of review of the Economic programme in cooperation with IMF
The IMF Executive Board’s review of the Icelandic Government’s economic programme, which was originally to take place before the Executive Board begins its two-week summer recess on August 7, will be postponed.
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Capital account liberalisation strategy approved
The Icelandic Government has approved a strategy for removal of capital account restrictions, which was prepared by the Central Bank of Iceland in consultation with the Ministry of Business Affairs and the International Monetary Fund. In order to avoid economic instability when the controls are lifted, their removal is carefully sequenced, with each phase dependent upon the fulfilment of specific conditions.
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Written statement from the Central Bank of Iceland on the Icesave agreements and information on the debt service burden of foreign loans
The Parliamentary Budget Committee requested a written statement from the Central Bank of Iceland on the Icesave agreements and information on the debt service burden of foreign loans. The request was received by the Bank on July 6. The Central Bank of Iceland has compiled an opinion, which is divided into two sections: a discussion of Iceland’s external debt position and a legal opinion on the Government guarantee of the Depositors’ and Investors’ Guarantee Fund’s (DIGF) obligations.
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The minutes of the MPC from the decision of July 2, 2009
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meetings held on July 1, 2009, during which the Committee discussed economic and financial market developments, the policy rate decision of July 2, and the communication of that decision.
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Position of Icelandic households after the banking collapse
The Central Bank of Iceland recently held a symposium on the position of Icelandic households in the wake of the banking collapse, with Economics Department experts Karen Á. Vignisdóttir and Thorvardur Tjörvi Ólafsson as lead speakers. This was the third in a series of symposia featuring Central Bank authors presenting the Bank's research and analysis.
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