We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » July 30, 2012
Business & Economy
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
World Bank Loan for Poland
July 30, 2012   
Article's tools:
Print

The World Bank has granted Poland a 750-million-euro loan to help the country strengthen its public finances. The bank grants loans for purposes such as consolidation of public finances, reducing the budget deficit and debt, and introducing fiscal rules to strengthen public institutions.

Peter Harrold, World Bank director for Central Europe and the Baltic Countries, said the loan was a sign of recognition for the public finance reforms undertaken by the Polish government, including pension system reforms. According to the World Bank, the reforms will guarantee Poland access to financial markets on reasonable terms, will make it possible for the country to finance its welfare programs and will help it secure funds for investment in infrastructure and human capital, which will support economic growth.

The World Bank loan is the first of two for Poland. The second will be paid out next year.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE