Poland to quit $9.2bn IMF credit line

WARSAW: Poland will quit a precautionary Flexible Credit Line (FCL) from the International Monetary Fund (IMF) worth $9.2 billion, the country’s Finance Ministry said on Saturday.
“We are resigning from a $9.2 billion credit line from the IMF,” the Finance Ministry said on Twitter, quoting Finance Minister Mateusz Morawiecki (pictured). “The Polish economy is in such a good situation that we can do it.”
Poland’s state budget posted a record surplus of 4.9 billion zloty ($1.36 billion) for the period from January to August. “I have taken the decision to quit the FCL after an analysis of tax data, macroeconomic parameters, assessment of our budget stability and currency reserves,” the ministry said quoting Morawiecki. — Reuters