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
Iceland Defense Force Base Gagetown in southern New Brunswick, to simulate the defense of Iceland against Warsaw Pact forces, the CAPSTONE mission of both the 187th and 167th. Part of the 1992 exercise included lanes training as part of the United States Army Forces Command's "Bold Shift" initiative to reinforce unit war-fighting task proficiency. Operation Northern Viking is a series of defense of Iceland exercises, held biennially for several years. In 2006 the frequency was increased. On 15 March 2006 the U.S. Ambassador to Iceland announced the decision of the United States to withdraw the Iceland Defense Force before the end of September