MINISTRY OF FINANCE OFFICIAL DISCUSSIONS IMF, PARIS CLUB

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP87R00529R000300310021-5
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: November 2, 2011
• Sequence Number: 21
• Publication Date: August 21, 1984
• Content Type: CABLE

Al _ _ _ _ _ I
Declassified in Part - Sanitized Copy Approved for Release 2012/02/28: CIA-RDP87R00529R000300310021-5
i ??????????????> CONFIDENTIAL ??????????????<
*** BEGIN MESSAGE 1 ***
SERIAL=WARSAW8086-84 UDN=M(2961) EDIT NR = A(6)M(873)
42 CLASS-
1 PAGE 01 WARSAW 08086 211104Z
R 210826Z AUG 84
FM AMEMBASSY WARSAW
TO SECSTATE WASHDC 6550
BT
WARSAW 8086
SERIAL: WARSAW 8086-84
EO 12356: DECL: OADR
TAGS: EFIN, PL
SUBJECT: MINISTRY OF FINANCE OFFICIAL DISCUSSIONS IMF, PARIS
CLUB
REF: STATE 202032
1. (CONFIDENTIAL - ENTIRE TEXT)
2. SUMMARY: MINISTRY OF FINANCE INTERNATIONAL DIRECTOR
KARCZ EXPRESSED HOPE THAT POLAND WILL BE ABLE TO ENTER
C IMF SOON ALTHOUGH HE NOTED THAT IMF WOULD NOT BE A
PANACEA FOR POLAND'S FINANCIAL PROBLEMS. DN PARIS CLUB
MATTERS, KARCZ SAID THAT HE WILL PREPARE A RESPONSE TO
C DAS CONSTABLE'S LETTER THE WEEK OF AUGUST 20 AND RENEWED
HIS REQUEST FOR A MEETING WITH HER TO CLEAR UP TECHNICAL.
BILATERAL ISSUES RELATING TO THE PARIS CLUB NEGOTIATIONS.
EMBASSY REQUESTS A CLARIFICATION OF NON-CONSOLIDATED
DEBT CALCULATIONS. END SUMMARY.
3. IMF: BETTER IN THAN OUT: IN AN AUGUST 17 CONVERSATION
WITH THE DCM, KARCZ EXPRESSED SATISFACTION WITH THE U.S.
MOVE TO LIFT CIVAIR AND SCIENTIFIC EXCHANGE SANCTIONS
""CONFIDENTIAL ""
""CONFIDENTIAL""
""PAGE 02 WARSAW 08086 2111042""
AND HOPED THAT THE U.S. WOULD ACT TO REMOVE ITS IMF
OBJECTIONS. COMMENTING ON THE OFFICIAL POLISH
GOVERNMENT REACTION TO RELAXATION OF SANCTIONS,
KARCZ REGRETTED THAT IT CONTAINED MORE WORDS THAN
IT SHOULD HAVE (PRESUMABLY A REFERENCE TO THE PROPA-
GANDISTIC TONE OF THE NOTE) BUT WAS PLEASED WITH ITS
SUBSTANCE. KARCZ BELIEVES THAT IMF WOULD NOT BE A
C, *PANCEA FOR THE POLISH ECONOMY AND DID NOT WANT TO
SPECULATE ON THE KIND OF CONDITIONALITY THAT AN IMF
PROGRAM MIGHT MEAN FOR POLAND. HE NOTED T-AT POLAND
w ALREADY ALLOCATES ABOUT THIRTY PERCENT OF ITS EXPORTS
TO DEBT REPAYMENT AND DOES NOT BELIEVE THAT THE IMF
COULD ASK MUCH MORE THAN THAT. IMF MEMBERSHIP WOULD
iv CARRY WITH IT MANY RESPONSIBILITIES, KARCZ SAID, BUT
>>>>>>>>>>>>>>>>>>>>>>>>>>>>) (>> CONFIDENTIAL