The International Monetary Fund (IMF) in the person of the former French finance minister and current IMF Managing Director Dominique Strauss-Kahn has lately lain heaps and heaps of praises upon Poland’s government for maintaining a strong economy in face of the ‘economic crisis’ that’s struck the world.
Last year, the IMF launched a FCL (flexible credit line) for Poland which gave the Polish government access to nearly 20 billion dollars for the support of currency reserves in Poland’s central bank. In Strauss-Kahn’s visit to Poland and meeting with Polish Prime Minister Donald Tusk, Strauss-Kahn expressed satisfaction at Poland’s economic ability to absorb the shocks rippling throughout the European economy. Amazingly, not one penny of the funds that were made available to Poland last year was used. Yet some of it may be used to help Poland endure a bit more through the global financial crisis according to a few analysts.
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