Norges Bank is also willing to extend to Sedlabanki Islands a medium-term loan of EUR 500 million with a maturity of up to 5 years. This loan requires a state guarantee from the Norwegian government. In a press release from the Ministry of Finance, Kristin Halvorsen, Minister of Finance, has stated that the Government will as soon as possible submit to the Storting a parliamentary proposition with a proposal for granting a state guarantee for such a loan.
Norges Bank’s loans are conditioned on the approval of the IMF Executive Board of Iceland’s Stand-By Arrangement as well as financing from other countries.
See press releases from Ministry of Finance of 3 November 2008 and from IMF of 24 October 2008
Contact person: Communication Director Siv Meisingseth, tel. +4722316359 / +4791638912