The Polish Government will ask the International Monetary Fund (IMF) for a $28 billion line of credit to help it recover from the economic crisis.
Poland's finance minister said he wanted to increase the central bank's reserves by a third and make the country "immune to the virus of the crisis and to speculative attacks".
At the G20 meeting in London earlier this month, a decision was taken to boost the IMF's lending resources by up to $1 billion.
The IMF's managing director, Dominque Strauss Kahn, welcomed the decision by Poland to take up the line of credit.
The Polish Government recently adopted a stimulus plan worth $39 billion.
Published Wed Apr 15, 2009 ABC News Online (link) |