Announcement of the Management Board of Narodowy Bank Polski
The Management Board of Narodowy Bank Polski, having read the request of the Minister of Finance of 16 January 2012 for the extension by the NBP of a bilateral loan to the International Monetary Fund, has resolved to give consent to the Minister’s request. In addition, the Management Board has authorised the President of the NBP to declare to the Government of the Republic of Poland and the IMF the readiness of the NBP to participate in the increase in the Fund’s financial resources under a temporary bilateral loan arrangement.
A final decision on the loan to the IMF will be taken by the Management Board of the NBP after the terms and conditions of a relevant agreement have been agreed upon with the IMF.
The matter will be presented to the Monetary Policy Council at its nearest meeting on 24 January 2012.