Republic of Poland: Review Under the Flexible Credit Line Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Poland

November 16, 2009

Summary

This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) Arrangement for Poland. The authorities have taken measures to mitigate the economic slowdown and maintain macroeconomic stability. With subdued inflation, monetary policy has been accommodative during the first half of 2009. Measures have also been taken to safeguard financial stability. The IMF staff’s assessment is that Poland continues to meet the qualification criteria for access to FCL resources and remains committed to responding appropriately to actual or potential balance of payments pressures.

Subject: Banking, Budget planning and preparation, External debt, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, capital adequacy regulation, CR, executive board discussion, FCL arrangement, FCL resource, Fiscal stance, GDP, Global, headline inflation, Inflation, ISCR, regulation, Western Europe

Pages:
31
Volume:
2009
DOI:
https://doi.org/10.5089/9781451832075.002
Issue:
314
Series:
Country Report No. 2009/314
Stock No:
1POLEA2009003
ISBN:
9781451832075
ISSN:
1934-7685

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