Poland pays debt interest, balance to be rolled over

Poland announced it has completed payment of an estimated $50 to $75 million in outstanding interest on its 1981 debts to Western banks.

The announcement paves the way for the signing of an agreement on the rescheduling of about $2.4 billion Poland should have paid back to Western bankers last year. Western bankers had refused to defer 1981 debt repayments until all the interest had been paid.