Twelve days before one of the most politically and militarily devastating plane crashes in history and during a visit to Warsaw by the head of the IMF, Dominique Strauss-Kahn, Poland’s Central Bank issued a statement declaring that the former communist country no longer needed help from the IMF.
“The situation with the Polish economy and the financial system is sufficiently good … that it is not necessary to ask the IMF for a further extension of the flexible credit line,” the bank said in a statement.
The central bank said it could instead provide the IMF with a loan to “help other countries overcome the effects of the global crisis.”
Yesterday’s horrific crash took the life of the head of Poland’s Central Bank along with the Polish President and virtually all of that country’s top military officials. All 97 people on board the Tupelov-154 military transport perished.