In her talk, Iceland's Foreign Minister Lilja Alfredsdottir will focus on the decisive steps that the Government of Iceland has taken in tackling the substantial challenges caused by the unprecedented economic collapse of the Icelandic economy in 2008. As one of the first casualties in the storm that engulfed the international economy in 2008, Iceland’s road to recovery from the financial crisis has been a considerable success story marked by a combination of extraordinary measures, sound long-term economic policies and successful cooperation with the IMF. The Government of Iceland is currently implementing the final stages of its plan to restore and grow the country’s economy, resulting in increased stability, job creation, inward foreign investment and steady, manageable growth rates. Key to this is the implementation of an appropriate and effective process to gradually lift capital controls, prioritizing fair and transparent treatment of all those effected and to encourage long-term investment in Iceland and economic stability. In the talk Foreign Minister Alfredsdottir will argue that Iceland's rapid recovery provides some key lessons for the international economy.
Co-sponsored by the Center on Global Economic Governance (CGEG), the Program for Economic Research (PER), Columbia University Press, and the Initiative for Policy Dialogue.
You can view the Minister Alfredsdottir presentation by clicking here.