Iceland requests $2bn bail-out from IMF

Iceland become the first western nation to request a bail-out from the International Monetary Fund in October 2008, since the UK in 1976, as it sought to restore confidence in an economy ravaged by the collapse of its banking system.

IMF: Country Info: Iceland and the IMF http://www.imf.org/external/country/ISL/index.htm

BBC News, 24.10.08: Iceland set for $2.1bn IMF help http://news.bbc.co.uk/1/hi/business/7689633.stm

ESO: Background information: Iceland to announce $6bn IMF-led rescue http://www.europeansources.info/record/iceland-to-announce-6bn-imf-led-rescue/

Iceland: Government Offices: Press Release, 24.10.08: Iceland takes decisive action with the launch of an economic stabilisation plan in conjunction with the IMF http://eng.forsaetisraduneyti.is/news-and-articles/nr/3108

IMF Survey, 24.10.08: IMF and Iceland Outline $2.1 Billion Loan Plan http://www.imf.org/external/pubs/ft/survey/so/2008/CAR102408A.htm

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