Poland has not used any resources from its USD 30bn flexible credit line at the International Monetary Fund (IMF), according to the Fund's weekly update. In January of 2011, IMF's executive board approved a successor two-year arrangement for Poland under the FCL in an amount equivalent to SDR 19.17bn (about USD 30bn, or 1.400% of quota). Poland signed the first accord on the FCL's extending in May, 2009, but has not drawn upon these resources since. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more