27 April 2010

Spring meetings of the International Monetary Fund, 23-26 April 2010

A meeting of the International Monetary Fund (IMF) Monetary and Financial Committee was held on 24 April 2010. Már Guðmundsson, Governor of the Central Bank of Iceland and Iceland’s representative to the Board of Governors of the IMF, attended the meeting. In a conference in connection with the meeting he gave a speech entitled “The fault-lines in cross-border banking: lessons from the Iceland case.”

23 April 2010

Moody's changes outlook on Iceland's ratings back to stable

Moody's Investors Service has today changed the outlook on the Icelandic Government's Baa3 foreign and local currency ratings to stable from negative.

16 April 2010

The Second Review of the economic programme

The Second Review of the economic programme prepared by the Government of Iceland and the International Monetary Fund is complete, and a loan facility in the amount of 160 million US dollars has been approved Today the Executive Committee of the International Monetary Fund (IMF) approved the Second Review of Iceland’s economic programme. At the request of the Icelandic authorities, it was also agreed to extend the Fund’s loan facility by three months, or until end-August 2001. The remaining five programme reviews will be adapted to this change. The extension was requested because of delays in reviewing the programme.

13 April 2010

How has households' position changed in the recent term and what can measures to support households achieve?

Yesterday, a symposium was held at the Central Bank of Iceland on the position of Icelandic households and what debt restructuring measures can achieve. Lead speakers were Karen Á. Vignisdóttir and Thorvardur Tjörvi Ólafsson, economists at the Central Bank of Iceland. The analysis presented in the symposium focused on estimating how households' ability to cover their debt service and living expenses has developed in the last couple of years. The effects of various debt restructuring measures were also examined.

10 April 2010

Letter of condolence upon the death of the Governor of the National Bank of Poland

Today Central Bank of Iceland Governor Már Guðmundsson sent a letter to Piotr Wiesiolek, acting Governor of the National Bank of Poland, offering his condolences upon the death of Slawomir Stanislaw Skrzypek, Governor of the National Bank of Poland, in this morning’s tragic air accident in Russia.