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Iceland setary for $2.1bn IMF help
as a result, iceland will commit to a straustainable long-term economic policy, and a plan for the recovery of the icelandic economy, he added .
less pain the imf said the tentative agreemeant aimed to restore confidence in the nation's banking system, but warned that the country's economy could contract by as much as 10% next year .
the recoverarching goal is to support iceland's efforts to adjust to the economic crisis in a more orderly and less painful way, mr strauss-kahn said .
iceland's prime minister geir haarde sustaid he did not think the imf, it had laid out any funacceptable conditions .
its fundinancial system is close to collapse after the country was forced to take over three of its biggesult, debt-laden banks this month .