Financial Times FT.com

Poland’s external debt smaller than expected

By Jan Cienski in Warsaw

Published: May 19 2009 02:50 | Last updated: May 19 2009 02:50

Poland’s external financing needs are much smaller than previously thought, according to a new study by the country’s central bank, which should help boost confidence about the country’s condition.

In a report released on Monday, the central bank concluded that external debt due this year comes to €63.9bn ($86.6bn), of which €46.1bn is debt with an original maturity of up to one year, and €17.8bn is long and medium-term debt coming due this year. This final figure had not been previously known, and some analysts had estimated it at more than €30bn.

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