Identifier
Created
Classification
Origin
05WARSAW742
2005-02-08 15:02:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Warsaw
Cable title:  

Polish Government Appreciates USG Acceptance of

Tags:  EFIN PREL PL 
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UNCLAS WARSAW 000742 

SIPDIS


Sensitive

STATE FOR EUR/NCE TARA ERATH AND MICHAEL SESSUMS
TREASURY FOR OASIA MATTHEW GAERTNER
FRANKFURT FOR TREASURY JIM WALLAR

E.O. 12958: N/A
TAGS: EFIN PREL PL
SUBJECT: Polish Government Appreciates USG Acceptance of
Paris Club Repayment Proposal

Ref: (A) State 16349 (B) 2004 Warsaw 5662

(U) This cable is sensitive, but unclassified, and NOT for
Internet distribution.

UNCLAS WARSAW 000742

SIPDIS


Sensitive

STATE FOR EUR/NCE TARA ERATH AND MICHAEL SESSUMS
TREASURY FOR OASIA MATTHEW GAERTNER
FRANKFURT FOR TREASURY JIM WALLAR

E.O. 12958: N/A
TAGS: EFIN PREL PL
SUBJECT: Polish Government Appreciates USG Acceptance of
Paris Club Repayment Proposal

Ref: (A) State 16349 (B) 2004 Warsaw 5662

(U) This cable is sensitive, but unclassified, and NOT for
Internet distribution.


1. (U) On January 28, Econ Counselor delivered the news that
the USG creditor agencies would participate in Poland's
offer to prepay its Paris Club debt to Finance U/S Szczuka.
Econoff subsequently followed up with MOF technical experts.
During these conversations, we took the opportunity to
explain this decision involved the USG making a budget
allocation of $137 million to cover the prepayment. GOP
officials were very appreciative of the USG decision to
support Poland's proposal.


2. (SBU) MOF officials report that they now have a "critical
mass" of countries willing to accept Poland's proposal,
enabling the ministry to prepare to approach financial
markets. Poland is still lobbying some `recalcitrant'
nations which it hopes will eventually accept the proposal.
MOF stressed that fully discharging the Paris Club debt
remains Minister Gronicki's top priority.


3. (U) Embassy Warsaw greatly appreciates Washington
agencies' assistance and the expeditious, favorable reply.

Munter


NNNN

2005WARSAW00742 - Classification: UNCLASSIFIED