Iceland appreciates IMF's approval of its recovery program
STOCKHOLM, Jan. 11 (Xinhua) -- Iceland appreciates（感谢） IMF's approval of the 4th review of Iceland's economic recovery program, said Arni Pall 1 Arnason, Icelandic minister of economic affairs on Tuesday.
"The approval（批准） of the review is an important milestone," said Arnason in a statement reaching here from Iceland.
"We appreciate the positive feedback from the Fund regarding the disciplined austerity measures put forth 2 by the government and our handling of economic policy," Arnason said.
He noted 3 that by accelerating private debt restructuring, Iceland's policy paves the way for economic recovery in the coming months and further strengthen the financial sector 4.
The Executive Board of the International Monetary 5 Fund (IMF)（国际货币基金组织） has approved the fourth review of the Economic Recovery Program agreed by the IMF and the Icelandic government, according to the statement.
This will open the way for disbursement 6 of the fourth tranche of the Fund's loan provided to the Icelandic government amounting to around ISK 19 billion (16 million U.S. dollars), the statement said.
In addition, financing assurances by the Nordic countries are also expected to come following the review.
Upon the conclusion of the review, the Icelandic government sent the IMF a new Letter of Intent, describing Iceland's economic policy.
The Letter states that an economic recovery is gradually taking hold, apparently 7 by the continued stability of the krona, a declining debt path and falling inflation.
Trade surpluses have allowed authorities to begin purchases of foreign currency to bolster 8 reserves. Recent indicators 9 suggest that demand is slowly picking up, and growth is expected to turn positive in 2011.
Measures including building a solid financial system and control of household and corporate 10 debts will continue.(本文由在线英语听力室整理编辑)
- Already the allure of meals in restaurants had begun to pall.饭店里的饭菜已经不像以前那样诱人。
- I find his books begin to pall on me after a while.我发觉他的书读过一阵子就开始对我失去吸引力。
- The wind moved the trees gently back and forth.风吹得树轻轻地来回摇晃。
- He gave forth a series of works in rapid succession.他很快连续发表了一系列的作品。
- The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
- Jim is noted for arriving late for work.吉姆上班迟到出了名。
- The export sector will aid the economic recovery. 出口产业将促进经济复苏。
- The enemy have attacked the British sector.敌人已进攻英国防区。
- The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
- Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
- Marine bill of lading showing any disbursement charges marked COLLECT not acceptable. 海运提单上显示的任何费用标明“到付”将不予接受。
- This makes the disbursement of 51 channel is very convenient. 这就使得51的支付渠道非常方便。
- An apparently blind alley leads suddenly into an open space.山穷水尽，豁然开朗。
- He was apparently much surprised at the news.他对那个消息显然感到十分惊异。
- The high interest rates helped to bolster up the economy.高利率使经济更稳健。
- He tried to bolster up their morale.他尽力鼓舞他们的士气。
- The economic indicators are better than expected. 经济指标比预期的好。
- It is still difficult to develop indicators for many concepts used in social science. 为社会科学领域的许多概念确立一个指标仍然很难。