European Parliament Library

Republic of Poland :, Review under the Flexible Credit Line Arrangement

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
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT ECONOMIC AND POLICY DEVELOPMENTS; A. A Recovery is Underway; B. Macroeconomic Management has been Appropriate; BOX; 1. Changes to Poland's Second Pension Pillar; RISKS; FCL QUALIFICATION CRITERIA; SAFEGUARD ASSESSMENT; STAFF APPRAISSAL; FIGURES; 1. Recent Economic Developments, 2009-13; 2. Balance of Payments Developments, 2009-13; 3. Financial Market Developments, 2007-13; 4. Banking Sector Developments, 2005-13; 5. Banking Credit Growth and Funding, 2007-13; 6. Reserve Coverage in International Perspective, 2012; 7. Qualification Criteria, 2009-18; TABLES
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (45 p.)
Specific Material Designation
Form Of Item

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