§ Mr. FlynnTo ask the Chancellor of the Duchy of Lancaster if the renewed legalisation of Solidarnosc in Poland will affect United Kingdom export credit guarantees for industrial investment in Poland.
§ Mr. Alan Clark[holding answer 27 April 1989]: The Government welcome many of the political and structural changes taking place in Poland. However, there will need to be a clear improvement in the economic situation too before any resumption of medium term export credit guarantees can be justified.
214WIt is hoped that Poland can reach agreement with the IMF on an adjustment programme that can lead to such economic improvements. The Government intend to play a constructive role in seeking to establish an agreement between Poland and the IMF.
ECGD short-term credit guarantees, and investment insurance against war and expropriation risks, continue to be available.