Umowa o redukcji zadłużenia Polski wobec Klubu Paryskiego

Abstract

On 21 April 1991 Poland signed in Paris an agreement with 17 countries (grouped in the Paris Club) on a reduction of its guaranted debt amounting to 33 USD billion. The agreement reduces this debt by 50%. Poland’s agreement with the Paris Club is the crowning achievement of not only long and sophisticated negotiations, but also the effect of consistent implementation of economic reforms in Poland and their high evaluation by the Paris Club, the International Monetary Fund and the World Bank. The agreement seemed to be historic and one of the most important positive moments since the undertaking of radical, political and economic reforms in Poland. The greatest significance of the agreement lies in the normalization of financial relations with countries which play a key role in trade and international capital movement. It will extend Poland’s access both to credits and foreign capital.