News
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10 May 2024 /S&P Global Ratings affirms Iceland at 'A+/A-1'; Outlook Stable
S&P Global Ratings has affirmed 'A+/A-1' long- and short-term foreign and local currency sovereign credit ratings on Iceland. The outlooks on the long-term ratings are stable. The stable outlook r...
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16 April 2024 /Strong position protected and contributed to the reduction of inflation
During the period of the government‘s Fiscal Strategy Plan for 2025-2029, presented today by Sigurður Ingi Jóhannsson, Minister of Finance and Economic Affairs, emphasis will be placed on moderate exp...
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14 March 2024 /Treasury successfully issues its inaugural Green bond
Today the Republic of Iceland issued a green bond in the amount of 750 million euros, the equivalent of ISK 111 bn. The bond bears a 3.5% fixed rate coupon, a reoffer yield of 3,636% and a 10 year mat...
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02 March 2024 /Fitch Affirms Iceland at ‘A’; Outlook Stable
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. Iceland's 'A' rating is underpinned by its very high income per capita and gov...
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23 February 2024 /Negotiations on the settlement of HF Fund's bonds
The Minister of Finance and Economic Affairs, on behalf of ÍL-sjóður (HF Fund) and the Icelandic State, and representatives of 18* pension funds, which together hold the largest share of bonds to whi...
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29 December 2023 /Medium-Term Debt Management Strategy 2024-2028
The Ministry of Finance and Economic Affairs has published Medium-Term Debt Management Strategy for the period 2024-2028. The MTDMS is presented on the basis of the fiscal plan, in accordance with Art...
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20 December 2023 /Budget 2024: Continued fiscal consolidation and support in reducing inflation
Prioritization in government finances, continued fiscal consolidation and support in reducing inflation are reflected in the 2024 budget, which has been approved by Parliament. The budget reflects the...
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10 November 2023 /S&P Global Ratings Raises Iceland Ratings To 'A+ ' On Strong Growth and Fiscal Consolidation; Outlook Stable
S&P Global Ratings has upgraded Iceland ´s long-term foreign and local currency credit ratings to 'A+' from 'A'. The outlook is stable. The upgrade reflects Iceland's continued strong growth momen...
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12 September 2023 /Iceland was the fastest growing European economy in the first half of the year.
Iceland was the fastest growing European economy in the first half of the year. 1Rapid growth has gone hand-in-hand with a buoyant labour market, with negligible unemployment and 30,000 more employed ...
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04 September 2023 /Government accounts 2022: improved performance and positive primary balance
The overall outcome of Part A-1 of the Government accounts for 2022 is nearly ISK 100m more favourable than was provided for in the 2022 National Budget, and about ISK 50bn better than estimated in la...
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01 September 2023 /Fitch Affirms Iceland at ‘A’; Outlook Stable
Fitch Ratings has affirmed Iceland´s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. According to Fitch, Iceland's ‘A’ rating is underpinned by its very high incom...
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15 July 2023 /Moody’s changes outlook on Iceland’s ratings to positive, affirms A2 ratings
Moody’s Investors Service (Moody’s) has today changed the outlook on Government of Iceland’s ratings to positive from stable and affirmed the local and foreign-currency issuer ratings at A2. The key...
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24 May 2023 /Republic of Iceland Eurobond buyback
The Republic of Iceland (the "Offeror") announces today the results of its invitation to holders of its €500,000,000 0.100 per cent. Notes due 20 June 2024 (ISIN: XS2015295814) (of which €500,000,000 ...
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28 April 2023 /Updated Sovereign Sustainable Financing Framework and an Annex on Financing for Gender Equality
The Ministry of Finance and Economic Affairs has issued an updated Sovereign Sustainable Financing Framework, but the original framework was issued in September 2021. The update consists of minor adju...
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29 March 2023 /Medium-term Fiscal Strategy Plan 2024-2028: to counter inflation, safeguard living standards and support growth
The government's fiscal strategy plan for the next five years lays out its strategy to utilise fiscal policy in a targeted manner to counter inflation and overheating by increasing expenditure restrai...
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11 March 2023 /Fitch Affirms Iceland at ‘A’; Outlook Stable
Fitch Ratings has affirmed Iceland´s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. According to Fitch, Iceland’s ‘A’ rating is underpinned by its very high incom...
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30 December 2022 /Medium-Term Debt Management Strategy 2023-2027
The Ministry of Finance and Economic Affairs has published Medium-Term Debt Management Strategy for the period 2023-2027. The MTDMS is presented on the basis of the fiscal plan, in accordance with Art...
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10 November 2022 /Financing for Gender Equality
Today the Minister of Finance and Economic Affairs met with Ms. Sima Bahous, Executive Director of UN Women, who is in Iceland for the Reykjavík Global Forum – Women Leaders. The Minister and the Exec...
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20 October 2022 /Report to Althingi on the HF-Fund’s position and the next steps
The Ministry of Finance and Economic Affairs has issued a report on the status of the HF-Fund. The report sets out scenarios for possible evolution of the fund over the coming decades, given assumed c...
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16 September 2022 /Fitch Affirms Iceland at ‘A’; Outlook Stable
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. Iceland's 'A' rating is driven by its very high income per capita and very str...
