Narodowy Bank Polski

Date: 29-03-2010

The Management Board of the National Bank of Poland is confident that the current situation of the Polish economy and financial system is so sound that Poland may shift from the group of the recipients of support of the International Monetary Fund to the group of countries that help other countries resolve the effects of the global crisis through the IMF. In the opinion of the Management Board of the National Bank of Poland, it is therefore not necessary for Poland to apply for the next IMF’s Flexible Credit Line arrangement. At the same time, the National Bank of Poland is ready to extend its resources to the International Monetary Fund under the bilateral loan agreement and the expanded NAB (New Arrangements to Borrow). This will be possible following the signing of an agreement on financing terms and mutual relations and settlements between the Government of the Republic of Poland and the National Bank of Poland.