The World

Austria has become the first Western nation in almost five years to promise new loans to Poland, signing an agreement rescheduling debts and pledging new financing, the Polish news agency said. The accord rescheduled payments due from 1982 to 1984 and pledged $40 million in state-guaranteed credits to fund Polish imports from Austria. Non-Communist creditor nations signed an agreement last month covering $12 billion in debts and paving the way for Polish-Austrian talks on repayment and new loans.

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