The IMF approved a new loan to Poland in the amount of 8.24 billion euros
The international monetary Fund has decided to grant Poland a loan for a period of two years in the amount of 8.24 billion euros.
The leadership of the International monetary Fund took a decision on granting the Republic of Poland a new loan for the total amount of 8.24 billion euros for a period of two years.
This is stated in the official message of the press service of the IMF released on Friday.
“The Executive Board of the International monetary Fund approved today the following agreement for a period of two years for Poland under the flexible credit line with limited access, which total amount equivalent to SDR 6.5 billion (monetary unit of the IMF ), that the exchange rate equals approximately USD 8.24 billion euros, or 159% of quota”, – the document says.
Thus, the Fund stressed that the Polish government has expressed its intention to apply the agreement as a precaution and not to rely fully on the flexible credit line the IMF.