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 Crisis Response Unit Iceland Crisis Response Unit The Iceland Crisis Response Unit (ICRU) or "Íslenska Friðargæslan", is an Icelandic para-military unit with a capacity roster of up to 200 people, of whom about 30 are active at any given time. It is operated by the Icelandic Ministry of Foreign Affairs. It is primarily designated for peacekeeping operations and was established in the 1990s to participate in operations and peacekeeping projects, including in support of NATO peacekeeping operations. That role later evolved into providing an appropriate forum for deploying personnel within other organizations such as with OSCE field missions as well as with UN