International Monetary Fund said it has cut the Flexible Credit Line (FCL) available for Poland to $17.9 billion from $21.4 billion, as requested by the East European country.
In a statement, the IMF said, “The FCL arrangement reinforces Poland’s buffers against external risks. The lower access is appropriate in light of somewhat lower risks and the improvement in Poland’s fundamentals”.
The IMF established the FCL in 2009.
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