council decis march grant commun guarante european invest bank loss loan invest project carri estonia latvia lithuania eec council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament peopl estonia latvia lithuania hereinaft refer countri close histor relationship peopl commun relat strengthen recent trade cooper agreement countri undertak major polit social reform countri embark fundament econom reform minist group welcom meet novemb decid extend coordin econom assist countri econom reform significantli contribut rapid develop mutual benefici econom commerci relationship countri commun great capit invest countri capit invest requir extern financ commun agre set cooper view aid countri european invest bank make import contribut thereto council invit bank make loan capit invest project carri countri offer guarante provid decis bank commiss fix term guarante grant guarante fund establish order provid budgetari treatment guarante commun loan grant countri accord conclus european council decemb decid articl commun fulli guarante european invest bank case bank receiv payment due loan grant accord usual criteria invest project carri estonia latvia lithuania limit ecu million set year period end bank commiss fix term guarante articl month commiss inform european parliament council rhythm loan guarante end european invest bank forward commiss detail complet inform european parliament council year commiss submit european parliament council report includ evalu implement decis brussel march council presid jelv