The IMF move marks the first time the international lender has had to funnel money to a Western European country in 25 years . Help comes from Finland , Norway , Denmark and Sweden . The fund will pump about $ 100 million into the Icelandic economy immediately . The goal is to stabilize the country 's finances and shore up its currency . Iceland is facing severe recession after a series of bank failures in February .
Help comes from Finland , Norway , Denmark and Sweden . The fund will pump about $ 100 million into the Icelandic economy immediately . The goal is to stabilize the country 's finances and shore up its currency . Iceland is facing severe recession after a series of bank failures in February .