Poland interested in new credit line – IMF

Polish authorities have approached the International Monetary Fund, showing interest in a new flexible credit line (FCL) from the institution, IMF First Deputy Managing Director David Lipton said in a statement on Friday. “I welcome the Polish authorities’ interest in a new two-year FCL arrangement,” Lipton said. “Poland continues to benefit from very strong economic fundamentals and policies. Poland’s flexible exchange rate, credible inflation targeting regime, sound fiscal policy, and effective financial supervision have helped it to successfully weather several bouts of market turbulence” he added. The IMF makes flexible credit lines available for countries that have proved their economies stand on strong fundamentals. The purpose of the FCL is crisis prevention.