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Iceland will meet international agreements-Finmin

Published 01/08/2010, 10:38 AM
Updated 01/08/2010, 10:42 AM

COPENHAGEN, Jan 8 (Reuters) - Iceland's Finance Minister said on Friday the island would live up to all its international commitments as it sought to allay concerns over its president's decision not to sign a law key to its economic recovery plans.

"It is clear that Iceland will live up to all its international commitments," Icelandic Finance Minister Steingrimur Sigfusson said after meeting the his Danish counterpart.

Danish Finance Minister Claus Hjort Frederiksen said that Denmark would honour its agreements if Iceland did the same.

The Nordic countries jointly agreed to provide 1.8 billion euros ($2.58 billion) for Iceland as part of an IMF-led aid package.

Norway said earlier on Friday that it would honour its loan commitments to Iceland as long as Reykjavik remains committed to its IMF relief package plan.

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