On 18 November, once the IMF Board had approved its emergency loan, the UK and Netherlands agreed in addition to lend Iceland respectively £2.2 billion (€2.6bn) and €1.3 billion, earmarked for the coverage of Icelandic minimum deposit guarantees for the UK and Dutch Icesave retail depositors. Likewise, Germany also agreed to lend Iceland €1.1 billion, earmarked for the coverage of Icelandic minimum deposit guarantees for the German Kaupthing Edge retail depositors. The repayment conditions were however still subject of further negotiation with EU involvement. The Dutch government confirmed on 20 November that its loan to Iceland had been finalised. The settlement of the €5bn earmarked minimum deposit guarantee loans, at the same time paved the way not only for the US$2.1bn IMF bailout loan, but also for a transfer of some bilateral bailout loans for the Icelandic state, with $2.5bn being transferred by Denmark + Sweden + Norway + Finland, $0.2bn from Poland, $0.05bn from Faroes Island.