Iceland got the approval of IMF loans of 2.1 billion U.S. dollars
International Monetary Fund (IMF) said on the 19th local time, IMF Executive Board has approved the provision of Iceland 2.1 billion U.S. dollars loans to help tide over the financial crisis in Iceland. For a period of 2 years, IMF will do its quarterly review.
The Ministry of Finance of Germany announced that Netherlands, Germany and Britain as the three countries welcome the IMF’s assistance program for Iceland
The Ministry of Finance of Germany announced that Netherlands, Germany and Britain as the three countries welcome the IMF’s assistance program for Iceland, and with Iceland will be an ongoing dialogue to ensure the pre-financing agreement. At the same time, the three countries also welcome the commitment for Iceland to meet the responsibilities related to depositors and creditors to ensure the fair and equal treatment without discrimination.
Chairman of IMF Kahn: although the thaw of credit market, financial crisis is far from over
International Monetary Fund (IMF) Chairman Kahn (DominiqueStrauss-Kahn) Wednesday warned that although the recent thaw in the key credit market, the outbreak of the global financial crisis is far from over.
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