Medium-term Debt Management Strategy 2014-2017 - 18.7.2014

The Ministry of Finance and Economic Affairs has published the government's Medium-term Debt Management Strategy for the period 2014-2017. This is the fourth instance of such publication. The principal changes which have been made since last year's publication concern the guidelines for the composition of the debt portfolio, which provide for a reduced share of inflation-indexed borrowing and a correspondingly greater share of non-indexed loans. A change has also been made to the target for the Treasury's foreign balance with the Central Bank, reducing it from ISK 80 billion to around ISK 60-70 billion on average.


Agreement with Advisors to Work on Removal of Capital Controls - 9.7.2014

 The Ministry of Finance and Economic Affairs has, in consultation with the Ministerial Committee on Economic Affairs and the Steering Group on Removal of Capital Controls, reached an agreement with the legal office Cleary Gottlieb Steen & Hamilton LLP and the consultants White Oak Advisory LLP to assist the Icelandic authorities in removing capital controls. Attorney Lee Buchheit of Cleary Gottlieb Steen & Hamilton will direct the legal office's work on this project.    More...

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Bjarni Benediktsson, Minister of Finance and Economic Affairs

Bjarni Benediktsson

  • Minister of Finance and Economic Affairs since 23 May 2013
  • Chairman of the Independence Party since 2009
  • Member of the Alþingi since 2003