Iceland and the International Monetary Fund was to stem capital outflows, to restore confidence in the Icelandic economy and to thus stabilize the Icelandic Krona (ISK) 2008–2011 Icelandic financial crisis. Measures adopted by Iceland included an emergency nationalization of the failing banks, a vote of the Icelandic parliament gave the FME (Icelandic Financial Supervisory Authority) broad authority over the insolvent banks. FME proceeded to audit these banks and to split their assets. Measures were also introduced to increase the minimum capital adequacy ratio of the banks to 10% as a part of the effort to re establish confidence in the economy. As a part of these
Water is Basic Water is Basic Water is Basic is a non-profit NGO that drills clean water wells in South Sudan. The organization was founded in 2006 during a meeting of Sudanese church leaders, who decided that the local church's first steps after the signing of the Comprehensive Peace Agreement ought to be fulfilling physical needs. It is estimated that between 50% and 60% of the population of South Sudan has access to an improved water source, such as a hand pump, a protected well or – for a small minority – piped water supply. Water is Basic is the largest clean water