EEEMA market round up: Poland seeks IMF credit line
Poland has followed Mexico in seeking a precautionary credit line from the IMF. Prime minister Donald Tusk said that the country was interested in a one-year facility for $20.5 billion. The line was created as part of a revamp of the IMF’s lending facilities announced in March. It is a type of insurance policy for strong developing countries. Access is restricted to countries that meet strict criteria. Colombia is also hoping to gain access to the line for $10.4 billion. Mexico’s credit line is for $47 billion.