council decis octob provid medium term financi assist bulgaria eec council european commun regard treati establish european econom commun articl thereof regard propos commiss submit consult monetari committe regard opinion european parliament bulgaria undertak fundament polit econom reform decid adopt market economi model reform implement financi support commun reform process strengthen broaden financi support reform commun strengthen mutual confid bring bulgaria closer commun bulgaria commun enter negoti conclus european agreement establish relationship associ decis eec council decid grant bulgaria medium term financi assist maximum amount ecu million view ensur sustain balanc payment situat countri govern bulgaria courag implement adjust measur structur reform stabil phase bulgarian economi addit offici support requir order support balanc payment consolid reserv posit bulgarian author request financi assist intern monetari fund imf group industri countri commun estim financ provid imf world bank carryov financi assist provid residu financi gap million remain cover order reconstitut bulgaria reserv posit avoid addit degre import compress jeopard achiev polici object underli govern reform effort success reform process bulgaria depend crucial solut acut debt problem countri face commun financi assist condit decis progress made set comprehens medium term debt restructur arrang bulgaria commerci bank creditor commiss coordin assist countri invit provid medium term financi assist bulgaria grant commun medium term loan bulgaria measur support balanc payment strengthen countri reserv posit question risk guarante gener budget european commun examin context renew interinstitut agreement budgetari disciplin improv budgetari procedur commun loan manag commiss treati provid adopt decis power articl decid articl commun grant bulgaria medium term loan facil maximum amount ecu million princip maximum durat year view ensur sustain balanc payment situat strengthen reserv posit end commiss empow borrow behalf commun resourc dispos bulgaria form loan loan manag commiss close consult monetari committe manner consist agreement reach imf bulgaria articl commiss empow negoti bulgarian author consult monetari committe econom polici condit attach loan condit consist agreement refer articl arrang made commiss verifi regular interv collabor monetari committe close coordin imf econom polici bulgaria accord object loan condit fulfil articl loan made bulgaria instal instal releas bulgarian author step releas amount commit commun countri context balanc payment support packag agreement principl reach bulgaria commerci bank creditor set guidelin futur debt restructur packag countri subject satisfactori outcom verif fulfil econom polici condit refer articl instal releas decis progress made comprehens medium term debt restructur agreement bulgaria commerci bank creditor payment place quarter fund paid nation bank bulgaria articl borrow lend oper refer articl carri date involv commun transform matur exchang interest rate risk commerci risk commiss step bulgaria decid includ loan condit exercis earli repay claus request bulgaria circumst permit reduct interest rate loan commiss refin part initi borrow restructur financi condit refinanc restructur oper carri accord condit set paragraph effect extend averag durat borrow concern increas amount express current exchang rate capit outstand date refinanc restructur relat cost incur commun conclud carri oper decis born bulgaria monetari committe inform develop oper refer paragraph year articl year commiss address european parliament council report includ evalu implement decis luxembourg octob council presid cope oj opinion deliv septemb publish offici journal oj