The Narodowy Bank Polski will participate in “temporarily increasing the IMF’s financial resources in the form of a bilateral loan” after a Jan. 16 request to that effect from the Finance Ministry, the bank said in a statement.
European leaders seeking to tame a sovereign debt and banking crisis pledged in December to channel 150 billion euros ($194 billion) to the IMF to help stabilize the economy and shore up investor confidence in the 17-nation bloc using the common currency.
The board will discuss the issue with the bank’s rate- setting Monetary Policy Council on Jan. 24, the bank said. The bank did not give details on the amount or time frame of the loan.
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