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Norway grants loan to Iceland |
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 Norway has agreed to grant Iceland a long term loan worth NOK 4.3 billion (EUR 480 million), arranged as a loan between the Norwegian Central Bank and Seðlabanki Islands. The loan is part of a Nordic support program.
Loan agreements were Wednesday signed between Iceland and Denmark, Finland, Norway and Sweden respectively. Under the agreements the Nordic lenders stand ready to provide Iceland with long-term loans totalling EUR 1.775 billion. At the request of the Icelandic central bank, the Norwegian authorities approved a long-term loan in November 2008 to support Iceland’s economic stabilisation programme with the International Monetary Fund (IMF). Emphasis was placed on providing support as a joint measure with the other Nordic countries. Wednesday’s signing of the agreements is a realisation of the Nordic countries’ pledge to support Iceland. (NRK/NB) Rolleiv Solholm |
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