Agreement on loan for IMF not in Q1 - Belka

Poland is unlikely to agree on a loan to the International Monetary Fund in Q1 2012, central bank NBP head Marek Belka told reporters on Tuesday.

"Works and talks on the terms of the loan are under way at the IMF right now and I don't expect that their effects will reach us soon," Belka said. "It's rather a question of months than days. I think the agreement on the loan will not take place in Q1."

The potential loan will be neutral for the level of Poland's FX reserves, Belka said earlier during the lower house public finance commission sitting.

Poland will likely contribute EUR 6.27 billion in a loan to the IMF to support funding for troubled euro-zone countries, deputy Finance Minister Jacek Dominik wrote in a response to an MP interpellation on January 31.