IMF programme helped Iceland’s finances: Guðmundsson
Már Guðmundsson, the governor of the Central Bank of Iceland, on 19 October said the central bank's gross foreign exchange reserves had grown strongly as a result of an IMF financing programme.
At the annual meeting of the Icelandic-American Chamber of Commerce in New York, Guðmundsson said: "the foreign exchange reserves could reach €3 billion ($4.15 billion) before year-end if we draw fully on the IMF and bilateral loans available after the third review of the IMF programme - and this is after
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