the Executive Board of the International Monetary Fund (IMF) has extended for another two years, access for Russia to the Flexible Credit Line. According to the statement of the Polish authorities, its height, however, was halved from 13 billion SDR to SDR 6.5 billion, i.e. more than 36.3 billion roubles – the Ministry of Finance said.
according to the report MF, a Flexible IMF Credit Line is available only to countries with stable macroeconomic fundamental that implement an effective economic policy. Thus, the Fund has confirmed the strong foundations of the Polish economy, as well as the right macroeconomic policies.
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“in recent years, the gradual improvement in the external environment of Poland, particularly in the Euro area, has led to the mitigation of threats for the Polish economy. At the same time there are new significant risks which through the channels of international trade and financial flows can have a negative impact on the Polish economy. These include, primarily, the uncertainty regarding the final impact Brexitu on the EU economy, stronger than expected market reaction to the normalization of monetary policy in the US and other developed economies potęgująca the risk of increasing fluctuations in international capital flows, stresses in the banking sector of the Eurozone countries and continuing geopolitical tension” is the main factors that, according to the Ministry of Finance, excavator, providing access to the Flexible Credit Line, for the next two years.
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Poland gets access to the IMF credit line from 2009. In addition to our country uses it well as Colombia and Mexico.
the Ministry of Finance assures that it intends to continue to consider a Flexible Credit Line as an instrument of restraint and does not intend to pay cash within the provided tool.
Source: MF
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