Iceland expects no IMF decision on Wednesday

Wed Oct 22, 2008 2:42pm BST
 
Email | Print | | Single Page
[-] Text [+]

REYKJAVIK (Reuters) - Iceland does not expect to announce any decision on Wednesday regarding discussions over a possible aid package from the International Monetary Fund (IMF), a government official said.

The official, who asked not to be named, was speaking to Reuters moments after a report on Icelandic state radio that said a decision was not expected until Thursday or Friday. The radio broadcast did not cite any sources.

"Yes, it's true, the decision (of whether to ask for aid) will not be made today," said the government official, who asked not to be identified.

Iceland has yet to formally request financial help from the IMF, although it is widely expected to make a request soon.

Media have reported that Iceland is poised to receive an IMF-led package of some $6 billion (3.65 billion pounds), with the Washington-based lender contributing some of the aid and several other countries including Sweden and Japan also chipping in.

(Reporting by Sakari Suoninen in Reykjavik via Stockholm newsroom)

 
Chancellor Alistair Darling attends a cabinet meeting in Nottingham, November 20, 2009.   REUTERS/Andrew Winning
Darling to cut GDP forecast

Chancellor Alistair Darling will downgrade the 2009 economic outlook when he presents his pre-budget report next month but still point to growth resuming at the turn of the year.  Full Article 

Most Popular General News on Reuters UK

  • Articles
  • Videos