council decis june 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 strengthen mutual confid bring bulgaria closer commun intern environ bulgarian economi deep recess face extern shock sharpli deterior balanc payment weaken precari reserv posit heavi extern debt burden make bulgarian economi expos extern shock bulgarian author request financi assist intern monetari fund imf group industri countri commun estim financ provid imf world bank financi gap ecu million remain cover order prevent eros 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 face countri grant bulgaria medium term financi assist condit adopt pari club reschedul arrang bulgaria offici debt adopt bulgaria commerci bank creditor deferr arrang debt servic payment commiss coordin assist group industri countri invit countri provid medium term financi assist bulgaria grant commun medium term loan bulgaria measur support countri balanc payment strengthen 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 full 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 group commiss verifi regular interv collabor monetari committe close coordin group imf econom polici bulgaria accord object loan condit fulfil articl loan made bulgaria instal instal releas stand arrang conclud bulgaria imf reschedul agreement offici debt conclud bulgaria pari club creditor deferr commerci debt servic payment conclud bulgaria commerci bank creditor progress made view conclud long term reschedul agreement debt instal releas period quarter subject articl 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 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 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 june council presid juncker oj oj