08 August 2006

IMF Concludes 2006 Article IV Consultation with Iceland

On August 4, 2006, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Iceland. Following the Executive Board meeting, the Staff Report for the 2006 Article IV Consultation and the Selected Issues Papers were published on the IMF website on August 8. Iceland received a regular staff visit in May (See the Central Bank’s Press release no. 17/2006 on May 15, 2006). The subjects of the Selected Issues Papers were Rules-Based Fiscal Policy and Inflation and Output Variability in Iceland, and Risks and Vulnerabilities in Icelandic Banks.

The IMF’s website also publishes Public Information Notices (PINs) announcing the publication of the Staff Report with a brief summary of the Executive Board’s discussion on it.
For further information, contact Davíð Oddsson, Chairman of the Board of Governors of the Central Bank of Iceland, or Sturla Pálsson, Director of the International Department of the Central Bank of Iceland, tel: +354-569-9600.

Nr. 30/2006
August 8, 2006