Republic of Poland: 2013 Article IV Consultation

International Monetary Fund

No 2013/219, IMF Staff Country Reports from International Monetary Fund

Abstract: This staff report for the Republic of Poland’s 2013 Article IV Consultation highlights economic development and policies. The current account in 2012 was primarily financed by EU transfers and foreign direct investment (FDI), notwithstanding a reduction in net FDI inflows. Moderate outflows from the domestic banking system were more than offset by strong portfolio inflows into the government bond market. The current account deficit and real effective exchange rate are broadly in line with medium-term fundamentals and desirable policies according to the External Balance Assessment models. The largely foreign-owned banking system has remained well-capitalized, profitable, and liquid.

Keywords: ISCR; CR; debt ratio; MoF NBP; liquidity support; authority; product market; banking system resilience; GDP growth; risk burden; GDP slowdown; Loans; Global; Europe; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 73
Date: 2013-07-23
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