Poland Plans to Phase Out IMF Credit Line, Szczurek Says
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Poland plans to phase out its flexible credit line with the International Monetary Fund, Finance Minister Mateusz Szczurek said, signaling confidence that the country will stay resilient to market shocks.
The government will ask the Washington-based lender to reduce the current two-year facility of about $33.8 billion when it comes up for renewal in January, Szczurek said in an interview in Warsaw yesterday. The lifeline would also “lose its appeal” if it were extended to more countries under less stringent conditions, he said.