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 and the International Monetary Fund quarters of 2018 when accounting for both goods and services exports.. The largest export item measured was travel, which accounted for nearly 50% of all exported services as well as for the relatively heavy demand for petrochemical and aviation products. Iceland and the International Monetary Fund Iceland is an arctic island nation in the North Atlantic ocean with a population of 352,000 and a GDP of 23.91 billion USD (2017) according to World Bank . Iceland joined the IMF on Dec 27th, 1945, becoming one of the IMF’s founding members. As a part of the IMF, Iceland has rights in