01572cas a2200241 a 4500 AALejournalIMF011805 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503111 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Iceland : Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (69 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The 2012 Article IV Consultation reports that Iceland's fiscal consolidation is continuing, but at a slower pace. Moderate expenditure overruns materialized in 2011, which will partly spill over to 2012 and the medium term. A key priority is to put the medium-term fiscal path back on track, which can be achieved with additional fiscal measures of 1\2 percent of GDP. Lifting the capital controls remains an overarching policy challenge, given the significant locked-in funds. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/089 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/089/002.2012.issue-089-en.xml IMF e-Library