council decis novemb provid medium term financi assist romania eec council european commun regard treati establish european econom commun articl thereof regard propos commiss submit consult monetari committe regard opinion european parliament romania 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 romania closer commun romania commun enter negoti conclus european agreement establish relationship associ decis eec council decid grant romania medium term financi assist maximum amount ecu million view ensur sustain balanc payment situat countri govern romania courag implement adjust measur structur reform stabilis phase romanian economi addit offici support requir order support balanc payment consolid reserv posit romanian 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 avoid addit degre import compress jeopardis achiev polici object underli govern reform effort commiss coordin assist industri countri invit provid medium term financi assist romania grant commun medium term loan romania measur support balanc payment strengthen countri reserv posit question risk link 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 romania 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 romania form loan loan manag commiss full consult monetari committe manner consist agreement reach imf romania articl commiss empow negoti romanian 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 romania accord object loan condit fulfil articl subject provis articl loan made romania instal provid satisfactori progress made implement stand arrang agre romania imf fund paid nation bank romania articl borrow lend oper refer articl carri date involv commun transform matur exchang interest rate risk commerci risk commiss step romania decid includ loan condit exercis earli repay claus request romania circumst permit improv 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 inreas amount express current exchang rate capit outstand date refinanc restructur relat cost incur commun conclud carri oper decis born romania monetari committe inform develop oper refer paragraph year articl year commiss address european parliament council report includ assess implement decis brussel novemb council presid patten oj opinion deliv novemb publish offici journal oj