Iceland-Stand-By Arrangement - Review Under the Emergency Financing Mechanism
Today, the International Monetary Fund published a report: “Review Under the Emergency Financing Mechanism”. The review was part of the IMF's Emergency Financing Mechanism procedures, which were used to expedite the approval of the Stand-By Arrangement with Iceland on November 19, 2008.
The report was constructed after an IMF five-day visit to Iceland in December to review recent financial, economic, and policy developments. During the visit, the mission had productive meetings with Iceland's authorities, as well as parliamentarians and various others representatives of the country's civil society.
The Report and a press release issued by the Prime Minister's Office can be approached here: