Friday, December 19, 2008

BBC NEWS | Business | Iceland recovering well, says IMF

Iceland has taken the first important steps towards restoring financial stability according to an International Monetary Fund mission to the country.Poul Thomsen, heading the mission, said the key objective of stabilising the country's currency was being met.He added that he was "very confident" that the $2.1bn (£1.37bn) loan from the IMF in November would be sufficient to revive the economy.In October, Iceland's government was forced to take control of three banks.
BBC NEWS | Business | Iceland recovering well, says IMF
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