Prime Minister's statement on the postponement of IMF board decision

“Important advances have been made in recent weeks in the joint Economic Recovery Programme agreed by Iceland and the IMF. A number of milestones have been achieved in rapid succession and major progress has been made in refinancing the banking system. As Iceland has fulfilled all the conditions set for the programme review, it is regrettable that its approval by the Executive Board will now be postponed. Should the delay be only several weeks, however, this should not have a material impact and Iceland will continue undeterred to implement its Economic Recovery Programme in co-operation with the IMF.”