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

January 21, 2011

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Format: Chicago

Republic of Poland: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Poland, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Poland’s macroeconomic performance was strong during the global crisis, supported by sound economic policies. The previous Flexible Credit Line (FCL) arrangements served the Polish economy well and provided adequate insurance against negative spillover risks. Executive Directors emphasized the need to implement economic policies that preserve macroeconomic stability. Against this background, Directors approved the request for a new two-year arrangement under the FCL, which would provide an essential buffer against a possible increase in risk aversion. The authorities intend to treat the new FCL arrangement as a precautionary instrument.

Subject: Credit, Debt service, External debt, Government debt management, Money, Public debt, Public financial management (PFM)

Keywords: CR, Credit, Debt, Debt service, Deficit, Europe, Fcl, FCL arrangement, Global, Government debt management, Headline CPI inflation, IMF arrangement, ISCR, Poland, State budget, Successor FCL

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/024
Stock No:

1POLEA2011001
ISBN:

9781455213795
ISSN:

1934-7685

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