Paweł Borys to become head of Polish Development Fund

The supervisory board of the Polish Development Fund has appointed Paweł Borys as its president as of May 1, the institution informed. His main task will be the formulation of a strategy, as well as the creation of the Polish Development Fund group, integrating instruments and institutions to support the socio-economic development of Poland. Borys has served as a managing director at Poland's state-controlled lender PKO BP since 2010. The Polish Development Fund is one of the key ideas of the development plan authorized by Minister Morawiecki. It will come from merging existing institutions, including the Export Credit Insurance Corporation (KUKE),  development bank BGK, the Polish Agency for Enterprise Development (PARP), the Polish Information and Foreign Investment Agency (PAIiIZ), the Industrial Development Agency (ARP) and Polish Investments for Development (PIR).