PM Not Happy With IMF's Agenda - The Reykjavik Grapevine

PM Not Happy With IMF’s Agenda

Published August 12, 2013

Iceland’s Prime Minister is not entirely content with IMF’s political agenda which he says can be seen in the organization’s new report on Iceland.

PM Sigmundur Davíð Gunnlaugsson believes that IMF has gone astray by stating in its report that the government has little leeway for mortgage corrections for indebted homes.

“The IMF seems to assume that we will finance these actions by increasing national debt. That is however not the case,” Sigmundur told RÚV.

“Obviously we have discussed this numerous times here in Iceland in the past few months. But the IMF seems to have its own political agenda in this matter, as in others too, which is disconnected to the actual discussion here. And I’m not entirely happy with that agenda. There has been a lot of discussion about the IMF and its demeanour in several countries in the past, where its agenda has been quite right-winged libertarian when it comes to economics. And I don’t believe that sort of agenda is likely to solve Iceland’s economic troubles,” Sigmundur concluded.

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