Finance minister Jacek Rostowski has said the Polish government is to address the International Monetary Fund to gain access to the so-called flexible credit line.

Minister Rostowski explained the move is to increase National Bank reserves by roughly one third, that is 20 billion dollars. The Finance Minister argued this would be beneficial to Poland’s financial system as it would secure it to a larger extent from the crisis virus, as he put it. Rostowski added, the increased reserves would also enable more effective servicing of the foreign debt by the State Treasury.

Poland would be the second country to access this IMF scheme after Mexico, which made the move a few days ago. The flexible credit line project is made available to countries with sound public finances and effective policy in this sphere. Poland is considered such a country by IMF experts, finance minister Rostowski stressed.