Poland still eligible for Flexible Credit Line access - IMF
January 10, 2014
Poland continues to meet the International Monetary Fund's (IMF) criteria for access to the Flexible Credit Line (FCL), the IMF deputy managing director David Lipton said as cited in a press statement.
“The Polish economy is beginning to recover from a sharp slowdown," Lipton said. "However, external risks remain elevated, including the possibility of increased financial stress in the euro area, a protracted period of low growth in broader Europe, and a sudden reversal of capital flows as advanced countries exit from unconventional monetary policies."
Poland continues to treat the FCL arrangement as a precaution and intends to exit from it as soon as external conditions allow, he added.
Poland last extended its access to some USD 33.7 billion flexible credit line for two years on January 18, 2013.