IBRD Loan: €1 billion
Terms: Maturity = 30 years; Grace period = 5 years
Project ID: P116125
Project Description: The Employment, Entrepreneurship, and Human Capital Development Policy program in Poland will support reforms to public financial management, and improvements of labor market efficiency, as well as structural improvements to the finance and provision of health, education and social protection. The operation will support structural reforms that will ensure fiscal consolidation over the medium-term, protect priority programs and the up-front fiscal costs of structural reforms critical to meeting Poland’s goals of EU convergence and mitigate the social cost of the financial crisis.