council decis april provid macro financi assist albania repeal decis ec 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 council decis ec approv aftermath kosovo crisi macro financi assist albania eur million form long term loan facil light expect balanc payment situat albanian author request releas assist commiss deprogram stabilis associ process framework eu relat region desir support effort sustain polit econom stabilis albania view evolv develop full cooper relationship commun aim stabilis associ agreement negoti albania eu intern monetari fund imf approv june favour albania year programm support poverti reduct growth facil prgf amount usd million support author econom programm period june june amount usd million project disburs framework year countri assist strategi ca adopt world bank board june usd million project disburs poverti reduct support credit estim financi support project provid intern monetari fund world bank signific residu financ gap remain cover support polici object attach author reform effort commun provid macro financi assist albania author albania request financi assist intern financi institut commun bilater donor commun macro financi assist albania measur countri meet extern financ includ reinforc reserv budget support financi assist commun form combin long term loan straight grant measur support sustain albania extern financi posit countri low level develop financi support grant compon provid verifi financi econom condit lai fulfil order ensur effici protect commun financi interest link present macro financi assist provid measur albania relat prevent fraud irregular link assist control commiss audit court auditor inclus grant compon assist prejudic power budgetari author assist manag commiss consult econom financi committe treati provid adopt decis power articl decid articl commun make albania macro financi assist form long term loan straight grant view help countri meet extern financ includ reinforc reserv budget support loan compon assist amount maximum princip eur million maximum matur year end commiss empow borrow behalf commun resourc dispos albania form loan grant compon assist amount maximum eur million commun financi assist manag commiss close consult econom financi committe manner consist agreement reach imf albania commun financi assist made year start dai entri forc decis circumst requir commiss consult econom financi committe decid extend avail period maximum year articl commiss empow agre author albania consult econom financi committe econom polici financi condit attach assist laid memorandum understand condit consist agreement refer articl proceed actual implement commun assist commiss check reliabl albania financi circuit administr procedur intern extern control mechan relev commun macro financi assist commiss verifi regular interv collabor econom financi committe coordin imf econom polici albania accord object assist econom polici financi condit fulfil articl loan grant compon assist made commiss albania instal subject provis articl satisfactori assess accord articl instal releas basi satisfactori track record macro econom programm albania present poverti reduct growth facil imf subject provis articl instal releas basi satisfactori implement abovement programm quarter releas previou instal fund paid central bank albania final recipi fund central bank albania extent assist intend reinforc countri reserv ministri financ intend budgetari support purpos articl implement assist place accord provis financi regul applic gener budget european commun implement rule memorandum understand agre author albania provid measur albania relat prevent fraud irregular link assist provid control commiss includ european anti fraud offic olaf perform spot check inspect audit court auditor carri spot articl borrow lend oper refer articl carri date involv commun transform matur exchang interest rate risk commerci risk commiss step albania request ensur earli repay claus includ loan term condit exercis request albania 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 matur borrow concern increas amount express current exchang rate capit outstand date refinanc restructur cost incur commun directli relat borrow lend oper decis born albania econom financi committe inform develop oper refer paragraph articl year septemb commiss address european parliament council report includ evalu implement decis previou year articl council decis ec repeal articl decis effect dai public offici journal european union luxembourg april council presid mc dowel opinion issu march publish offici journal oj