Republic of Poland: Review under the Flexible Credit Line Arrangement

January 13, 2014

Preview Citation

Format: Chicago

Republic of Poland: Review under the Flexible Credit Line Arrangement, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

On January 8, 2014, the Executive Board of the IMF completed its review of Poland’s qualification for the arrangement under the Flexible Credit Line (FCL) and reaffirmed Poland’s continued qualification to access FCL resources. The Polish authorities have indicated that they intend to continue treating the arrangement as precautionary. The IMF has supported the authorities’ policies with four successive FCL arrangements. The current two-year FCL arrangement for Poland was approved by the IMF’s Executive Board on January 18, 2013, in an amount of SDR 22 billion (about US$33.7 billion). Poland’s first FCL arrangement was approved May 6, 2009, for SDR 13.69 billion (about US$21 billion). Successor arrangements were approved in July 2010 and in January 2011.

Subject: Commercial banks, Expenditure, External debt, Financial institutions, Loans, Pension spending, Public debt

Keywords: Arrangement, Commercial banks, CR, Deficit, Europe, FCL arrangement, FCL resource, GDP, Global, Headline deficit target, IMF's Executive Board, ISCR, Loans, Pension spending, Policy buffer

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/008
Stock No:

1POLEA2014001
ISBN:

9781484344415
ISSN:

1934-7685

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