Poland and the International Monetary Fund information
Overview of the relationship between Poland and the International Monetary Fund
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Poland was one of the founding members of the International Monetary Fund (IMF) in 1945.[1] Under pressure from the Soviet Union, the country withdrew in 1950, believing that the organization had become a tool for the United States.[2] Poland rejoined the IMF in 1986, following the end of martial law in Poland (1981–1983)[3] and the withdrawal of the US veto against Polish membership.[4]
Poland's subsequent involvement with IMF lending facilities can be separated into two periods: emergence from communism and Stand-By Arrangements (SBA) from 1990 to 1996, followed by Flexible Credit Line (FCL) arrangements from 2009 to 2017. The first years mark Poland's transition from a planned to a market economy, aided by the IMF, followed by Poland's growth through the global financial crisis and Euro-zone crisis. In 2018, Poland purchased a large number of gold reserves, the largest purchase since 1983.[5]
^Farnsworth, Clyde H.; Times, Special To the New York (1985-10-25). "Poland Expects to Join I.m.f. and World Bank". The New York Times. ISSN 0362-4331. Retrieved 2018-12-05.
^Cooper, Richard N.; Boughton, James M. (2002). "Silent Revolution: The International Monetary Fund, 1979-1989". Foreign Affairs. 81 (2): 180. doi:10.2307/20033103. ISSN 0015-7120. JSTOR 20033103.
^"Poland profile". BBC News. 2018-05-28. Retrieved 2018-12-05.
^Pissulla, Petra (1984-03-01). "The IMF and the countries of Eastern Europe". Intereconomics. 19 (2): 65–70. doi:10.1007/BF02928295. hdl:10419/139905. ISSN 1613-964X. S2CID 55796521.
^"Why Central Bank buying has the gold market guessing". Bloomberg.com. 29 October 2018. Retrieved 2019-03-04.
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