council decis juli provid macro financi assist bulgaria ec council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european parliament commiss consult monetari committe submit propos bulgaria undertak fundament econom reform make strenuou effort implement market economi model europ agreement establish associ european commun member state part republ bulgaria part conclud decis eec council decid grant bulgaria medium term financi assist amount ecu million ensur sustain balanc payment countri decis eec council decid grant bulgaria assist amount ecu million addit adjust reform measur bulgaria strengthen financi sector acceler privat bulgaria reach agreement intern monetari fund imf april econom programm support stand arrang author bulgaria request financi assist intern financi institut commun bilater donor estim financ provid privat sourc imf world bank residu financ gap million remain cover programm period order strengthen bulgaria reserv posit support polici object attach govern econom programm provis commun long term loan bulgaria measur support balanc payment strengthen countri reserv posit commun loan manag commiss adopt decis treati provid power act articl decid articl commun make bulgaria long term loan facil maximum princip amount ecu million maximum matur ten year view ensur sustain balanc payment situat strengthen countri reserv posit end commiss empow borrow behalf european commun resourc dispos bulgaria form loan loan manag commiss close consult monetari committe manner consist agreement reach intern monetari fund bulgaria articl commiss empow agre author bulgaria consult monetari committe econom polici condit attach loan condit consist agreement refer articl commiss verifi regular interv collabor monetari committe coordin intern monetari fund bulgaria econom polici accord object loan condit fulfil articl loan made bulgaria instal subject articl instal releas basi complet review stand arrang agre intern monetari fund subject articl instal releas basi satisfactori continu stand arrang month releas instal fund paid bulgarian nation bank articl borrow lend oper refer articl carri date involv commun transform matur exchang interest rate risk commerci risk commiss step bulgaria request ensur earli repay claus includ loan condit exercis 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 brussel juli council presid poo oj oj oj agreement amend addit protocol oj oj oj