IMF approves Iceland support scheme

The International Monetary Fund (IMF) has approved a two-year, $2.1bn (€1.67bn) support programme for Iceland that is designed to restore confidence and stabilise that country’s shattered economy.

IMF approves Iceland support scheme
Thu, 20 Nov, 2008 - 06:40

The International Monetary Fund (IMF) has approved a two-year, $2.1bn (€1.67bn) support programme for Iceland that is designed to restore confidence and stabilise that country’s shattered economy.

The approval had been held up because of a British-Icelandic dispute over Britons’ accounts in failed Icelandic banks.

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