Restrukturyzacja zadłużenia Polski do roku 1990

Abstract

In 1981 Poland lost ability of servicing its debt. Restructuring of the debt seemed to be the most important proposal of solution this problem. Restructuring of the debt is an instrument which was used to lessen the burden of the servicing of the debt. It consists in postponing of the payment due in a given year (or after several years - overdue payments) to a new period, with a new schedule being agreed upon. During the years 1981-1990 Poland signed five debt restructuring agreements with official creditors (Paris Club) and six agreements with commercial banks. Restructuring did not prove to be successful way of solution to our debt problem. It was only a rescheduling in time of the debt.