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November 30, 2008 Sunday
Updated
Nov 30, 2008
Poland adopts $45.4b aid
'It is a stabilisation and development programme, because Poland is in the situation of a country that is still developing,' Tusk told reporters. --PHOTO: REUTERS
WARSAW - POLAND adopted on Sunday an economic stabilisation and development package for 2009-2010 valued at 24 billion euros (S$45.4 billion) to help weather the global financial crisis, Prime Minister Donald Tusk said.

At the same time, Polish Finance Minister Jan Rostowski said his department was lowering its economic growth forecast for 2009 to 3.7 per cent, compared with the previous outlook of 4.8 per cent.

'It is a stabilisation and development programme, because Poland is in the situation of a country that is still developing,' Tusk told reporters, adding: 'Happily, the consequences of the global crisis for Poland are not so grave.' -- AFP

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