Republic of Poland

Abstract

Cover; Contents; CONTEXT; RECENT DEVELOPMENTS; OUTLOOK, RISKS, AND POLICIES; THE ROLE OF THE FLEXIBLE CREDIT LINE; A. Access Considerations; B. Exit Considerations; C. FCL Qualification Criteria; IMPACT ON FUND FINANCES, RISKS, AND SAFEGUARDS; STAFF APPRAISAL; BOXES; 1. External Economic Stress Index; 2. Adverse Scenario; FIGURES; 1. Convergence and Integration; 2. External Risks; 3. Qualification Criteria; 4. Trade and Financial Integration; 5. Recent Economic Developments, 2011-16; 6. Recent Inflation Developments, 2004-16; 7. Balance of Payments, 2011-16. 8. Banking Sector Capital and Asset Quality, 2011-169. Banking Credit Growth and Funding, 2011-16; 10. Monetary Developments, 2010-16; 11. Reserve Coverage in International Perspective, 2015; 12. Poland and Selected Countries: Comparing Adverse Scenarios; TABLES; 1: Policy Initiatives Proposed and Implemented by the New PiS Government; 2. Selected Economic Indicators, 2013-21; 3. Balance of Payments on Transaction Basis, 2013-21; 4. Monetary Accounts, 2010-16; 5. Financial Soundness Indicators, 2010-16; 6. General Government Statement of Operations, 2013-21. 7. General Government Financial Balance Sheets, 2013-218. External Financing Requirements and Sources, 2013-18; 9. Indicators of Fund Credit, 2016-21; 10. Proposed Access Relative to Other High-Access Cases; 11. Impact on GRA Finances; ANNEXES; I. Public Sector Debt Sustainability Analysis; II. External Debt Sustainability Analysis; III. External Sector Assessment; APPENDIX; Letter from the Authorities Requesting Flexible Credit Line.