Central Bank of Iceland | International Monetary Fund

Listen

The International Monetary Fund (IMF) is a global organization that works to achieve sustainable growth and prosperity for all its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity job creation, and economic well-being. It is a forum for consultation and cooperation on economic and monetary matters among its member countries.

The IMF’s activities fall broadly into three categories; multilateral and bilateral surveillance and policy advice, financial assistance to its member countries, and technical assistance.

The IMF’s headquarters are in Washington, DC.
Iceland was among the founding members of the International Monetary Fund, joining on December 27, 1945. A range of information on cooperation between Iceland and the Fund can be found on the IMF website.

IMF website

Nordic-Baltic Constituency in the IMF

Iceland collaborates with the Nordic and Baltic countries in the IMF and forms a Constituency with them. On a rotating basis, the Nordic and Baltic countries together elect one representative to the IMF Executive Board which comprises 25 members. Early in 2023, Vitas Vasiliauskas from Lithuania became the Constituency’s representative on the IMF’s Executive Board. Representation of the Constituency in the International Monetary and Financial Committee (IMFC) also rotates among the countries. The Nordic-Baltic Monetary and Financial Committee (NBMFC) focuses on IMF matters and formulates the position of the Constituency on matters of key importance in the Fund, as is usually reflected in the Constituency’s addresses to the IMFC meetings. In other respects, the countries work closely together to coordinate their positions on matters that come before the Executive Board.

Once a year the Constituency’s office in the IMF submits a report on key matters on the Executive Committee’s agenda.
The reports can be found here:

Ár	Spring	Autum
2023	February 2024
2022		December 2022
2021		December 2021
2020		December 2020
2019		December 2019
2018	July 2018	December 2018
2017	July 2017	December 2017
2016	July 2016	December 2016
2015	July 2015	December 2015
2014	July 2014	December 2014
2013	July 2013	December 2013
2012	June 2012	December 2012
2011	April 2011
2010		September 2010
2009	June 2009	December 2009
2008	April 2008	October 2008
2007	May 2007	November 2007
2006	April 2006	October 2006
2005	April 2005	September 2005
2004	April 2004	October 2004