President and PM disagree over Polish Defense Investment Fund
Poland’s presidential office has proposed creating a Polish Defense Investment Fund financed by profits from the National Bank of Poland’s gold reserves. The plan, described as a “Polish SAFE 0 percent,” would channel gains from gold investments into a dedicated defense fund managed by the defense ministry and operated by the state development bank BGK. The fund could also issue bonds and take loans, but money would be restricted to defense spending.
Prime Minister Donald Tusk criticized the proposal, calling it “SAFE $0,” arguing it offers no immediate funding compared with the EU SAFE loan program, which could provide up to €44 billion for defense and security projects. The government says it is preparing an alternative plan if the EU program is blocked.
(pb.pl)
