Poland no longer needs IMF credit line: central bank
[link to dalje.com]
The central bank said it could instead provide the IMF with a loan to “help other countries overcome the effects of the global crisis.“
WARSAW, March 29, 2010 (AFP) - Poland's economy is stable and no longer needs its 21.8-billion dollar (16.2-billion euro) credit line from the International Monetary Fund, the Polish central bank said on Monday.
"The situation with the Polish economy and the financial system is sufficiently good ... that it is not necessary to ask the IMF for a further extension of the flexible credit line," the bank said in a statement.
The central bank said it could instead provide the IMF with a loan to "help other countries overcome the effects of the global crisis."
The finance ministry, however, insisted it still wanted to have a reserve at hand if the economy ran into fresh headwinds.
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