Nordic help for Iceland is close

6. November 2008

Nordic help for Iceland is close

By David Ibison

Published: November 6 2008 02:00 | Last updated: November 6 2008 02:00

Officials from four Nordic central banks and finance ministries held a private meeting in Stockholm yesterday to discuss their contributions to a $6bn (£3.8bn, €4.7bn) rescue package for crisis-hit Iceland. The gathering Finance was a strong sign that Denmark, Sweden and Finland were closer to announcing a multi-billion euro package of loans after Norway agreed a €500m loan last week.

Iceland is expecting to be told todayits application to the International Monetary Fund for a $2bn loan to support its economic revival has been approved.

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