council decis februari provid medium term financi assist czech slovak feder republ eec council european commun regard treati establish european econom commun articl thereof regard propos commiss submit consult monetari committe regard opinion european parliament peopl czechoslovakia close histor relationship peopl commun countri undertak fundament polit econom reform decid adopt market economi model reform strengthen mutual confid bring czechoslovakia closer commun czechoslovakia commun enter negoti conclus agreement establish relationship associ european council decemb confirm context group industri countri commun support programm undertaken czechoslovakia stabil modern economi make currenc convert programm expect implement difficult extern environ czechoslovak author request financi assist intern monetari fund imf commun estim financ provid imf world bank offici bilater creditor financi gap ecu million remain cover order prevent eros czechoslovakia reserv avoid addit degre import compress jeopard achiev polici object underli govern reform effort commiss coordin assist invit countri provid medium term financi assist czechoslovakia grant commun medium term loan czechoslovakia measur support balanc payment czechoslovakia strengthen countri reserv facilit currenc convert commun loan manag commiss treati provid adopt decis power articl decid articl commun grant czechoslovakia medium term loan facil maximum amount ecu million princip maximum durat year view ensur sustain balanc payment situat strengthen reserv facilit introduct currenc convert end commiss empow borrow behalf commun resourc dispos czechoslovakia form loan loan manag commiss close consult monetari committe manner consist agreement reach imf czechoslovakia articl commiss empow negoti czechoslovak author consult monetari committe term condit loan term condit consist agreement refer articl arrang made commiss verifi regular interv collabor monetari committe close ordin imf econom polici czechoslovakia accord object loan term condit fulfil articl loan made czechoslovakia instal instal releas stand arrang conclud czechoslovakia imf instal period quarter subject term condit articl fund paid nation bank czechoslovakia articl borrow lend oper refer articl carri date involv commun transform matur exchang interest rate risk commerci risk commiss step czechoslovakia decid includ loan term condit exercis earli repay claus request czechoslovakia 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 provid decis born czechoslovakia monetari committe inform develop step oper refer paragraph year articl year commiss address european parliament council report includ assess implement decis brussel februari council presid juncker oj opinion deliv februari publish offici journal