BREAKING NEWS

BREAKING NEWS

Iceland moves closer to latest IMF loan

Now Reading:

Iceland moves closer to latest IMF loan

Iceland moves closer to latest IMF loan
Text size Aa Aa

Iceland’s government and the International Monetary Fund have agreed on the terms of a further loan of 117 million euros. The IMF’s board has still to give final approval.

The latest instalment of a 1.6 billion euro IMF loan authorised in late 2008 has been delayed due to a dispute with Britain and the Netherlands over compensation for the collapse of the Icesave online bank.