Iceland's Road to Recovery - Key Lessons
Wednesday 19 October 2016
Hong Kong Theatre, Clement House
Professor Kevin Featherstone
In her lecture, Iceland's Minister for Foreign Affairs and External Trade Lilja Alfreðsdóttir 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 International Monetary Fund (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. Critical to the finalisation of the recovery plan is the implementation of an appropriate and effective process to lift capital controls which were imposed in 2008 to stabilise the economy. This process is focused on prioritising fair and transparent treatment of all those affected and to encourage long-term investment in Iceland and economic stability. In the lecture, Foreign Minister Alfreðsdóttir will argue that Iceland's rapid recovery provides some key lessons for the international economy.
Lilja Alfreðsdóttir (@liljaalfreds
) is Iceland's Minister for Foreign Affairs and External Trade.
Before her appointment as Minister for Foreign Affairs in April 2016, Ms Alfreðsdóttir served as Deputy Director of the Central Bank of Iceland’s General Secretariat and International Affairs Department. Since her graduation from Columbia University, Alfreðsdóttir has been a central banker, apart from temporary secondments to Iceland’s Prime Minister’s Office as a Special Liaison and previously, to the International Monetary Fund’s Nordic-Baltic Executive Office as an Advisor.
Ms. Alfreðsdóttir holds a Master’s degree in International Economic Policy from Columbia University and received a Fulbright grant during her studies. She holds an undergraduate degree in Political Science from the University of Iceland. At the Central Bank and in previous positions, Lilja has focused her career on international economic affairs and domestic policy making.
Kevin Featherstone is Head of the European Institute, Eleftherios Venizelos Professor of Contemporary Greek Studies and Professor of European Politics at LSE.
This event is part of the EI’s ‘Challenges for Europe’ Series.
This event is free and open to all with no ticket or pre-registration required. Entry is on a first come, first served basis.
Twitter Hashtag for this event: #LSEIceland