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World Bank approves USD 1 bn Poland loan

PR dla Zagranicy
Roberto Galea 24.07.2015 16:23
The World Bank has approved a EUR 912.7 million (appr. USD 1 billion) loan to Poland to support economic growth and resilience.
The headquarters of the World Bank in Washington, DC. Photo: Wikimedia CommonsThe headquarters of the World Bank in Washington, DC. Photo: Wikimedia Commons

The Resilience and Growth Development Policy Loan (DPL2) is the second in a series of two lending operations in Poland, structured around three pillars.

These include “Enhancing macroeconomic resilience by reducing the general government fiscal deficit and debt levels toward the medium-term objective and bolstering macro-prudential oversight; Strengthening labour market flexibility and employment promotion; and improving private sector competitiveness and innovation,” the World Bank wrote in a statement.

“Poland’s economic growth has been impressive over the last two decades and the World Bank is pleased to be able to continue to support the Government’s reform program, which aims to strengthen public finances and financial sector resilience, create jobs and promote a more dynamic and innovative economy,” said Mamta Murthi, World Bank Country Director for Central Europe and the Baltic Countries.

“We look forward to continuing our strong partnership, where we share international experiences to help inform the design of specific reforms, while also learning and sharing Poland’s experiences with other countries.” (rg)

tags: loan, world bank
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