Iceland; Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion

The 2012 Article IV Consultation reports that Icelandâ€™s fiscal consolidation is continuing, but at a slower pace. Moderate expenditure overruns materialized in 2011, which will partly spill over to 2012 and the medium term. A key priority is to put the medium-term fiscal path back on track, which can be achieved with additional fiscal measures of Â½ percent of GDP. Lifting the capital controls remains an overarching policy challenge, given the significant locked-in funds.

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Year of publication:	2012-04-12
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Bank restructuring \| Banking sector \| Capital controls \| Debt restructuring \| Debt sustainability analysis \| Economic indicators \| Economic recovery \| Post-program monitoring \| Staff Reports \| capital account liberalization \| external debt \| central bank \| balance of payments \| current account \| public debt \| private sector debt \| debt sustainability \| debt stock \| current account balance \| debt relief \| current account deficit \| capital inflows \| debt ratio \| public finances \| capital adequacy \| repayments \| repurchases \| public sector debt \| government debt \| capital adequacy ratio \| external borrowing \| short-term debt \| debt service \| external liabilities \| sovereign debt \| debt service payments \| government bonds \| capital gains \| bilateral loans \| real effective exchange rate \| debt dynamics \| commodity prices \| indexation \| capital outflows \| short term debt \| bond issuance \| credit market \| debt securities \| capital transfer \| net debt \| budget law \| domestic currency \| currency mismatch \| foreign loans \| debt ratios \| liberalization of capital \| currency mismatches \| foreign currency debt \| stock market \| gross domestic product \| currency debt \| consumer price index \| amount of debt \| current account surplus \| corporate bond market \| capital gains tax \| stock exchange \| reserve holdings \| external debt sustainability \| total external debt \| public finance \| capital injection \| stock of debt \| external financing \| equity capital \| net external debt \| investor confidence \| reserve accumulation \| inflation rate \| capital flows \| government securities \| government deficit \| equity participation \| bilateral creditors \| indexed bonds \| sovereign debt crisis \| subsidiaries \| current account surpluses \| long-term debt \| debt crisis

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 12/89 6 pages long
Source:	RePEc - Research Papers in Economics

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