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.

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...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Staff Country Reports; Country Report ; No. 2011/024
Online Access:Full text available on IMF
Description
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.
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Physical Description:1 online resource (44 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students