POLAND: DEBT PROBLEMS

Created: 12/7/1981

OCR scan of the original document, errors are possible

POLAND: Debt Problem*

Warsaw appears to haveprogress

toward meeting interestto conclude a

lebt rescheduling agreementbanks

If Poland manages to pay off all, or even most, or tne arrears on interest byecember, the agreement can be signed by the end of the year. Even so, Poland will be unable to meetillion debt service bill BBBBmeaWV

The recent payments tend to support unconfirmedthat the USSR recently provided Poland0 million hard currency loan. Western bankers, urtailment of credits to all of the USSR's Eastallies if Poland defaulted, have been pressing Moscow to come to Warsaw's rescue. -

3rt

Original document.

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