council decis novemb provid supplementari macro financi assist romania ec council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european parliament commiss consult econom financi committe submit propos romania undertak fundament econom reform make substanti effort establish function market economi view increas employ live standard romania european union sign europ agreement establish relationship associ european council meet luxembourg decemb decid launch access process compris romania central east european applic countri cypru romania reach agreement intern monetari fund imf stand arrang sba support author adjust reform programm world bank approv privat sector adjust loan envisag substanti adjust invest financ support romania reform effort enterpris financi sector author romania request financi assist intern financi institut commun bilater donor estim financ provid imf world bank import residu financ gap remain cover programm period order strengthen countri reserv posit support polici object attach govern reform programm commun long term loan romania measur eas countri extern financi constraint support balanc payment strengthen reserv posit comfort implement structur reform commun loan manag commiss accord principl sound financi manag treati provid adopt decis power articl decid articl commun make romania long term loan facil maximum princip amount eur million maximum matur year view ensur sustain balanc payment situat end commiss empow borrow behalf european commun resourc dispos romania form loan loan refer paragraph manag commiss close consult econom financi committe manner consist agreement reach imf romania articl commiss empow agre author romania consult econom financi committe econom polici condit attach loan condit consist agreement refer articl commiss verifi regular interv collabor econom financi committe coordin imf econom polici romania accord object loan condit fulfil articl loan made romania instal subject articl instal releas basi satisfactori track record romania macroeconom programm context sba agre imf subject articl instal releas basi satisfactori continu romania adjust reform programm month releas instal 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 request ensur earli repay claus includ loan term condit exercis request romania circumst permit improv interest rate loan commiss refin part initi borrow restructur financi condit refinanc restructur oper carri accord condit set paragaraph effect extend averag matur borrow concern increas amount express current exchang rate capit outstand date refinanc restructur relat cost incur commun conclud carri oper decis born romania econom financi committe inform develop oper refer paragraph year articl year rule septemb commiss address european parliament council report includ evalu implement decis brussel novemb council presid niinistö oj opinion deliv octob publish offici journal oj