Amadeusz Juskowiak

Polish banker pleased with world bank imf talks

Polands talks in Washington with the World Bank and the International Monetary Fund IMF on the countrys 335 billion dlr foreign debt were concrete open and frank a senior Polish banker was quoted as saying

Wladyslaw Baka head of Polands National Bank told the official news agency PAP yesterday the talks were a step towards possible fresh credits or easier terms

Much attention was given to the Polish delegation and the talks at both institutions involved displayed a lot of understanding for Polands difficult economic position PAP quoted Baka as saying

Baka said he stressed Poland would meet its financial obligations to the US but not in a short time and not without major changes in the Polish economy as well as a cooperative stand on the part of its foreign economic partners

Since Poland rejoined the IMF last June after a 36year absence IMF and World Bank teams have visited Warsaw on factfinding missions on at least three occasions A major report is expected to be issued in Washington soon

Poland has said it will not be able to meet interest repayments and debt principle falling due this year