Iceland: Request for Stand-By Arrangement – IMF Staff Reports

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND:

In the context of the Stand-By Arrangement, the following documents have been released and are included in this package:

* The staff report for a Stand-By Arrangement, prepared by a staff team of the IMF, following discussions that ended on October 23, 2008, with the officials of Iceland on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on November 15, 2008. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF.
* A staff supplement of November 17, 2008, on the assessment of the risks to the Fund and the Fund’s liquidity position
* A Press Release summarizing the views of the Executive Board as expressed during its November 19, 2008 discussion of the staff report that completed the review.
* A statement by the Executive Director for Iceland.

The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information.

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