8th January 2013
Thursday, June 20th, 2013
IMF set to extend credit line for Poland
On January 18th, the International Monetary Fund (IMF)'s executive board will consider Poland's application for prolonging its flexible credit line, which was due to expire this month, announced Dominik Radziwi³³, an Executive Director at the IMF.
The IMF initially approved a credit line for Poland in May 2009 and then extended it in 2010. The credit line then amounted to roughly $20 billion.
In 2011, the IMF prolonged the FCL for another two years and increased the available funds to roughly $30 billion. Last month, the IMF's First Deputy Managing Director David Lipton said that he intended "to move ahead rapidly in seeking approval by the Fund’s Executive Board for Poland’s request early in 2013."
From Warsaw Business Journal
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IMF extends Poland's FCL to 2015
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IMF lowers GDP projection for this year, growth to improve in 2014
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