See, I told you! Poland the World Platinum Club $20.5 Billion Credit Line From the Internatinal Monetary Fund Washington DC 4/14/2009
See, I told you! Poland the World Platinum Club $20.5 Billion Credit Line From the Internatinal Monetary Fund Washington DC 4/14/2009
Poland got $20.5 Billion Credit Line From the Fund
Poland became the second country to seek access to a new credit line from the Fund for strongly performing economies to buttress them against the global economic crisis.
Shipyard worker in port of Gdansk, Poland, where IMF says economic fundamentals, policy framework are strong.
Prime Minister Donald Tusk announced in Warsaw that the country was interested in a one-year precautionary arrangement under the IMF’s Flexible Credit Line (FCL) for $20.5 billion.
The IMF’s Executive Board will shortly consider a request from Mexico for a precautionary credit line of $47 billion. The new credit line was created as part of a revamp of the IMF’s lending facilities announced in March, aimed at strengthening the Fund’s ability to react to the global economic crisis.
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