Republic of Poland: Review under the Flexible Credit Line Arrangement

International Monetary Fund

No 2014/008, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; FCL arrangement; FCL resource; GDP; arrangement; deficit; IMF's Executive Board; headline deficit target; policy buffer; Pension spending; Commercial banks; Loans; Global; Europe (search for similar items in EconPapers)
Pages: 44
Date: 2014-01-13
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