Iceland and the International Monetary Fund set at positive 2-3 percent by 2010. Additionally Iceland determined that it would not support the losses of its pension funds and social service programmes in order not to take up additional obligations. One of the primary objectives of the Icelandic government in seeking an IMF programme was to stabilize the ISK and to set a path for its gradual appreciation. To stabilize short term pressures on the ISK the Central Bank of Iceland raised interest rates to 18% and prepared to back the krona with its foreign reserves, specifically for which Iceland asked for an IMF programme . The
The Natural History of Iceland The Natural History of Iceland The Natural History of Iceland () is a natural history of Iceland by Danish lawyer Niels Horrebow. It was first published in Danish in 1752 with an English translation in 1758. The book was intended to correct errors in past natural histories of Iceland, particularly the work of Hamburg mayor Johann Anderson, who had written about the island without ever actually visiting it. Anderson had relied entirely on accounts from German and Dutch sea captains, but Horrebow lived in Iceland for two years, studying the animals, plants, weather, and geological features. He also made note