Republic of Poland : Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/021

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Poland.

Fiscal policy.

Monetary policy--Poland.

Monetary policy.

Lines of credit--Poland.

Lines of credit.

Finance--Poland.

Finance.

Poland--Economic conditions--1990-.

Poland.

Poland--Economic policy.

Physical Description:

1 online resource (49 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

Poland’s economy has recovered well in 2010–11, reflecting strong economic fundamentals and decisive countercyclical policies. Poland’s strong trade and financial links to Europe continue to make it vulnerable to potential shocks from the region. Despite the difficult external environment, the authorities have continued to rebuild policy space to counter adverse shocks. Measures are also being taken to strengthen medium- and long-term fiscal sustainability. The economy is expected to moderate further in 2013. Financial sector policies have helped improve the resilience of the banking system.

Contents:

Cover; Contents; I. Context; Figures; 1. Linkages and Spillovers; II. Recent Developments; III. Outlook and Near-Term Policies; 2. Recent Economic Developments, 2008-12; 3. Banking Sector Developments, 2007-12; IV. The role of the Flexible Credit Line; 4. The FCL's Impact on Financial Markets, 2009-12; A. Access Considerations; 5. Exposure to Banks' Funding Withdrawal; Box; 1. Adverse Scenario; B. Review of Qualification; 6. FCL Cases Compared with Distribution of Historical Shocks to Emerging Market Economies; 7. Qualification Criteria; 8. External Debt Sustainability: Bound Tests

9. Metrics of Reserve Coverage in a Cross-Country Perspective, 201110. Public Debt Sustainability: Bound Tests; V. Impact on Fund Finances, Risks, and Safeguards; VI. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2010-17; 2. Balance of Payments on Transaction Basis, 2009-17; 3. Statement of Operations of General Government, 2009-17; 4. External Financing Requirements and Sources, 2008-14; 5. Monetary Accounts, 2006-12; 6. Financial Soundness Indicators, 2007-12; 7. Public Sector Debt Sustainability Framework, 2007-17; 8. External Debt Sustainability Framework, 2007-17; Attachment

1. Letter from the Authorities Requesting FCL

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475572285

147557228X

9781475573220

1475573227

9781299264649

1299264646

9781616356446

1616356448