Iceland´s Recovery — Lessons and Challenges

Iceland was the first advanced economy to experience the full force of the 2008 global financial crisis, and the first to subsequently seek financial support from the IMF. Three years later, with the country on the road to recovery, the Icelandic authorities and the International Monetary Fund (IMF) are co-hosting this high-level conference to review Iceland’s achievements and examine the challenges that still lie ahead. During three thematic sessions, participants will assess the policies implemented to address the crisis, such as the use of capital controls and the handling of the banking sector. Iceland’s focus on preserving its social welfare system while undertaking a strong fiscal adjustment will also be reviewed, together with the way in which these policies were integrated into the IMF-supported program, which ended in August. The Prime Minister of Iceland will open the conference; the Minister of Economic Affairs and the Minister of Finance will also offer remarks. Speakers will include international and Icelandic academics, Icelandic policy makers and IMF staff involved in designing or implementing the program, as well as representatives of civil society.