Republic of Poland : Staff Report for the 2012 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/162

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Poland.

Fiscal policy.

Monetary policy--Poland.

Monetary policy.

Foreign exchange--Poland.

Foreign exchange.

Poland--Economic conditions.

Poland.

Physical Description:

1 online resource (73 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

This 2012 Article IV Consultation discusses that the economy of Poland fared well throughout the crisis. The growth was robust and well balanced in 2011. The banking sector remained profitable and well capitalized. Declining provisioning boosted profitability and the average capital adequacy ratio remained high at about 13 percent. Executive Directors have commended the authorities for sound macroeconomic management, which has underpinned the good performance of the Polish economy in a challenging environment. Directors have broadly supported the ongoing fiscal adjustment, which is necessary to rebuild fiscal buffers.

Contents:

Cover; CONTENTS; CONTEXT; BOXES; 1. Cross-Border Linkages of the Polish Banking System; RECENT ECONOMIC DEVELOPMENTS; A. The Economic Expansion is Slowing; 2. External Sector Assessment; B. The Banking System Has Been Resilient; OUTLOOK AND RISKS; 3. Economic and Financial Linkages With the Euro Area; POLICY DISCUSSIONS; 4. Implementation of Past Fund Advice; A. Monetary and Exchange Rate Policies; 5. What Drives the POLONIA Spread?; B. Entrenching Fiscal Consolidation; C. Safeguarding Financial Stability; D. Deepening Structural Reforms and Euro Adoption; STAFF APPRAISAL; FIGURES

1. Recent Developments in Economic Activity, 2007-122. Labor Market, Capacity Utilization, and Inflation, 2008-12; 3. Balance of Payments Developments, 2007-11; 4. Monetary and Financial Developments, 2009-12; 5. Banking Sector Developments, 2007-12; 6. Residential Real Estate Lending, 2006-12; 7. Public Debt Sustainability: Bound Tests; 8. External Debt Sustainability: Bound Tests; TABLES; 1. Selected Economic Indicators, 2010-17; 2. Balance of Payments on Transaction Basis, 2009-17; 3. Statement of Operations of General Government, 2008-17; 4. Monetary Accounts, 2006-12

5. Financial Soundness Indicators, 2006-126. Public Sector Debt Sustainability Framework, 2007-17; 7. External Debt Sustainability Framework, 2007-17; APPENDICES; I. Corporate Bond Market Development and Local Currency Funding; II. Privatization of State-Owned Enterprises; III. Credit Growth and Non-Performing Loans-Recent Developments and Outlook; IV. Poland's Export Structure; V. Risk Assessment Matrix; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475532043

1475532040

9781475560251

1475560257