TITLE

Paris Club repayment

PUB. DATE
February 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Feb2005, Vol. 12 Issue 2, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that improved fiscal policy execution in 2004, as well as supportive exchange rate developments, have prompted the Polish authorities to announce that the country will repay its debt to the Paris Club of creditor nations, due to mature in 2005-2009, ahead of schedule. Although the repayment will ensure the postponement of maturity payments in the coming years, and allow the government to retain a degree of autonomy over the supply of Polish debt, economists consider that only a sustained focus upon fiscal consolidation will lead to a medium-term strengthening of public finances.
ACCESSION #
16590007

 

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