Iceland crisis


IMF `Very Close’ to Deal
October 20, 2008, 10:00 pm
Filed under: Uncategorized

Iceland’s Industry Minister said the government is “very close” to agreeing on a rescue plan with the

International Monetary Fund and suggested a deal will bring with it assistance from Nordic neighbors and Japan.

The fund is finalizing a plan to present to the government, which is also seeking a loan from Russia, Oessur Skarphedinsson said by telephone from Reykjavik today. The Financial Times and New York Times reported that the rescue will be worth $6 billion.

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