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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
游客
2024-05-22
9
管理
问题
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] IMF negotiates with Russia to find______for Iceland.
选项
答案
additional funding support
解析
由题干中的Russia将本题出处定位于最后一段。第一句提到,IMF还在寻求更多的资金支持(additional funding support)。后面列举了IMF的寻求方向:北欧国家(Nordic neighbors)、俄罗斯。欧盟国家还将提供更多的帮助。IMF与俄罗斯谈判的目的很明显就是第一句中提及的内容。
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