council decis june grant commun guarante european invest bank loss loan project south africa ec council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european parliament council approv decemb cooper agreement european commun republ south africa aim promot harmoni balanc sustain social econom develop commit contract parti step cooper area respect sphere compet south africa undertak major polit econom social reform european invest bank hereinaft refer bank grant loan resourc implement reform econom reform make decis contribut rapid establish mutual benefici econom commerci link south africa commun great capit invest countri invest requir extern financ bank make import contribut octob european council decid joint action support transit democrat multiraci south africa april council adopt packag measur present south african govern emerg democrat multiraci elect april council call bank begin oper support invest project carri south africa offer guarante provid decis guarante subject condit set council regul ec euratom octob establish guarante fund extern action bank commiss fix term grant guarante treati provid adopt decis power articl decid articl commun guarante full vi vi european invest bank payment receiv due loan grant accord usual criteria respect invest project carri south africa guarante restrict loan ceil ecu million period year begin date decis take effect expiri period loan grant bank attain amount refer year period automat extend month articl commiss inform european parliament council month situat loan sign end bank regularli transmit commiss inform articl commiss inform european parliament council year loan oper time submit assess oper scheme coordin financi institut oper area articl bank commiss fix term guarante articl decis effect dai public offici journal european commun luxembourg june council presid godfrain