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Following repeated delays, on November 19th the IMF finally approved a $2.1
Following repeated delays, on November 19th the IMF finally approved a $2.1
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2023-09-06
42
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Following repeated delays, on November 19th the IMF finally approved a $2.1 billion loan to Iceland aimed at reviving the country’s economy after the collapse of its banking system in October triggered a crisis of investor confidence and a sharp decline in the value of the Krona. The IMF loan is in the form of a two-year stand-by agreement, with Iceland able to draw about $825 million immediately and the remainder in eight installments each of around $155 million, subject to quarterly reviews.
Negotiations over the IMF bailout (救援行动) had been ongoing for a number of weeks, held up not so much by the need for the government to meet requisite policy conditions as by an increasingly bitter dispute concerning the Icelandic state’s obligations to reimburse (偿还) depositors — mostly in the UK, Netherlands and Germany — holding savings accounts with Icesave, the online arm of one of the bankrupt Icelandic lenders, Landsbanki. Previously the government had threatened only to reimburse domestic depositors.
Before the IMF loan could be agreed, Iceland had to commit to guaranteeing to each depositor the minimum payment of €20,887, as stipulated under European Economic Area (EEA) legislation that allowed Icelandic banks to operate in the EU. Precise details of how all the refunds will be made are still to be finalized, although it was stressed that today’s IMF loan will not be used to repay depositors. The UK has loaned $3.3 billion to Iceland to cover British depositors in Icesave. In a joint statement, the British, Dutch and German governments indicated that the countries will all work together "to conclude agreements on pre-financing that enables Iceland to meet its obligations toward depositors shortly."
As well as reaching an agreement on Icesave, the IMF had also wanted confirmation of additional funding support from Iceland’s Nordic neighbors. Finland, Sweden, Norway and Denmark have agreed to lend a combined $2.5 billion, with Poland offering a further $200 million and even the tiny Faroe Islands stumping up $50 million. Talks are also believed to be ongoing with Russia, while EU countries may provide future funding. [br] A $2.1 billion loan was finally approved by IMF to help Iceland______.
选项
答案
to revive its/the country’s economy
解析
由题干中的a $2.1 billion可将本题出处定位于第一段第一句:国际货币基金组织最终批准了一项给冰岛的2l亿美元的贷款协议,旨在恢复该国的经济(aimed at reviving the country’s economy)。由动词help可知这里要填入不定式短语作Iceland的补足语,应将原文中的动名词短语变为不定式短语。
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