News and Articles

New Years´s Address 2008 - 31.12.2008

New Year's Address by the Prime Minister of Iceland, Geir H. Haarde - Broadcast on State TV, December 31, 2008. More...

At year's end - 31.12.2008

Address by Prime Minister Geir H. Haarde, Chairman of the Independence Party More...

IMF Mission to Iceland: All Government Actions Proceeding on Schedule - 19.12.2008

A six-person delegation from the International Monetary Fund (IMF) has been in Iceland during the past four days reviewing economic developments in Iceland, state finances, monetary policy and the restructuring of the country's banking system. More...

The Government appoints Banking Expert - 9.12.2008

The Prime Minister’s Office has enlisted the services of Swedish banking expert Mats Josefsson, on a temporary basis. Mats Josefsson will succeed Ásmundur Stefánsson as advisor on rebuilding Iceland’s banking system. More...

Open Letter from the Prime Minister of Iceland - 5.12.2008

The Prime Minister of Iceland, Geir H. Haarde, has written an open letter to those nations which have officially offered financial support to implement plans by the Icelandic government and the International Monetary Fund (IMF) for economic recovery measures. More...

Measures to Improve Conditions for Business and Industry - 4.12.2008

A working party responsible to the Cabinet, has drafted plans for urgent measures to respond to difficulties currently facing the nation. More...

International Monetary Fund approves Iceland´s request for a two year stand-by arrangement - 20.11.2008

The Executive Board of the International Monetary Fund (IMF) has approved Iceland?s request for a two year stand-by arrangement. Iceland will receive USD 2.1 bn. from the IMF. More...

The Icelandic Government's program with the IMF - 17.11.2008

In the wake of the recent international financial turmoil, Iceland?s economy is facing a banking crisis of extraordinary proportions. The economy is heading for a deep recession, a sharp rise in the fiscal deficit, and a dramatic surge in public sector debt - by about 80%. More...

Agreed Guidelines Reached on Deposit Guarantees - 16.11.2008

Significant progress has been made towards solving the differences on the interpretation of legal obligations with respect to deposit guarantees in the European Economic Area. More...

Address by Prime Minister Geir H. Haarde to the Federation of Icelandic Fishing Vessel Owners October 31st 2008 - 3.11.2008

Let me begin by thanking you for the opportunity of being able to address this meeting here today. I wish to begin by thanking Björgólfur Jóhannesson, the outgoing managing director of the organisation, for our good cooperation in recent years and I wish him all the best in his future endeavours. More...

Address of Prime Minister Geir H. Haarde to the Althingi, October 30th 2008 - 3.11.2008

Mr. President, fellow Icelanders. I have asked permission to report to the Althingi on the state of the economy and the participation of the International Monetary Fund in its restoration. More...

The Faroe Islands Come to Iceland's Aid - 29.10.2008

The Faroe Islands have offered Iceland a loan of DKK 300 million. The offer was put forward at a meeting in Helsinki, Finland, where Icelandic, Faroese and other Nordic politicians and officials are attending the Nordic Council Session. More...

Statement following the meeting of Nordic Prime Ministers 27 October 2008 - 28.10.2008

At a meeting today, the Nordic Prime Ministers discussed the international financial crisis and the serious situation in Iceland in particular. More...

Iceland takes decisive action with the launch of an economic stabilisation plan in conjunction with the IMF - 24.10.2008

The Icelandic Government has reached an agreement ad referendum with a mission from the International Monetary Fund (IMF) on a comprehensive stabilisation program. More...

Norwegian Government Officials to Iceland for Talks on the Country´s Economy - 23.10.2008

A delegation of Norwegian Government Officials has arrived in Iceland, ready for talks with Icelandic authorities on the country´s current financial situation. More...