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
Basic income around the world citizen an unconditional basic income. Although the next parliamentary election in Iceland will not be held before April 2017, as of March 2016 the Icelandic Pirate Party has held an overall lead in opinion polls since April 2015. Currently the chief advocacy group is Basic Income Ireland, a member of BIEN. Social Justice Ireland has produced a fully costed proposal for 2012. Before that, the main advocate was CORI (Conference of Religious of Ireland), one of the social partners. Politically, the Green Party and Fianna Fail (the latter as of July 2015) favour a Basic Income. As part of the