The International Monetary Fund granted Poland a two year extension of its SDR 22 billion ($33.8 billion) Flexible Credit Line (FCL). Poland's Ministry of Finance said that flexible credit lines are only granted to countries with stable macroeconomic conditions and that the IMF expressed a positive opinion of Poland's economic policy. The ministry also said that the government plans to treat the credit line as a preventive measure.

“Increasingly difficult macroeconomic conditions, could expose Poland to external factors. Extending the FCL, which is treated by Polish officials as a preventive measure, will increase Poland's security, and will help support Poland's macroeconomic strategy,” said David Lipton, first deputy managing director at IMF.

Poland A.M.