09.04.2010

Agreement on Iceland's Second Review under the Stand-By Arrangement

An agreement has been reached that the second review of Iceland's Stand-By Arrangement with the IMF will be discussed by the IMF's Executive Board. The review is tentatively scheduled for discussion on 16 April. Upon completion of the review, Iceland would become eligible to draw a third disbursement under the arrangement, in an amount of 20 bn. ISK (SDR 105 million or about $159 million).

Further information can be approached:

Ministry of Economic Affairs

International Monetary Fund

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