21 March 2020
Icelandic Government announces 1.6bn USD response package to the COVID-19 crisis
Prime Minister Katrín Jakobsdóttir, Bjarni Benediktsson, Minister of Finance and Economy and Sigurður Ingi Jóhannsson, Minister of Transport and Local Government today announced the first-phase response measures to mitigate the effects of the COVID-19 pandemic. The package is equivalent to ISK 230 bn (USD 1.6 bn) or just under 8% of Icelandic GDP.