Iceland's PM urges IMF to continue economic program

"I would like to emphasize that the economic program in co-operation with the IMF should continue without interruption, even though a solution to the Icesave matter will be postponed because of the planned national referendum," Sigurdardottir said in the letter to Dominique Strauss-Kahn, the Managing Director of IMF.

She also emphasized that the Icelandic government and the Parliament Althingi had concluded all necessary steps for implementing the agreement on Icesave that was negotiated with the Governments of the United Kingdom and the Netherlands in June and revised in October.

On Oct. 24 last year, IMF announced an initial agreement with Iceland on a 2.1 billion dollar two-year loan to support an economic recovery program to help the island restore confidence inits banking system and stabilize its currency; Kazinform cites Xinhua.