council decis april empow commiss contract loan commun instrument purpos promot invest commun eec council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe vital role invest rais growth rate adjust product structur provid last solut unemploy problem commun lend instrument strengthen support invest growth sector futur order stimul econom activ support common polici financ facil commun instrument establish decis eec eec empow commiss contract loan purpos promot invest commun pursu strengthen alongsid exist commun financi institut bodi scope widen commun facil make addit contribut invest promot commun real follow effect financi impact appar size promot converg member state econom trend plenti financ found capit market tap financ invest commun commun creditworthi advantag reinforc european support invest support polici decid commun level european invest bank state contribut implement facil decid articl commiss empow contract loan behalf european econom commun commun instrument exce equival ecu princip proce loan lent financ invest project contribut greater converg integr econom polici member state dissemin technolog innov mean reinforc competit commun economi project serv commun prioriti object energi infrastructur sector financ invest princip small medium size undertak industri product sector take account inter alia region impact combat unemploy mechan conjunct commun financ instrument articl loan activ tranch consult european parliament council act qualifi major propos commiss author loan tranch lai guidelin elig project commiss decid project elig accord guidelin laid commiss borrow capit market limit tranch author articl connect borrow lend transact express monetari unit lend term reimburs princip rate payment interest fix cover cost expens incur conclud perform borrow lend side transact articl term loan contract negoti commiss interest commun regard condit capit market accord constraint impos durat financi aspect loan grant fund borrow deposit european invest bank invest temporari basi loan express payabl reimburs currenc member state conclud agreement compet author state articl mandat bank grant administ loan pursuanc decis end cooper agreement drawn bank commiss bank carri transact mandat behalf risk commun commiss decid accord articl project elig commiss favour decis bank decid term grant loan accord usual criteria procedur laid statut loan procedur provid decis loan applic transmit simultan commiss bank directli member state commiss bank sign loan contract articl commiss inform council european parliament month rate util tranch date total loan sign amount third current tranch notifi purpos amount intend propos tranch articl commiss annual inform council european parliament receipt expens result borrow lend transact present time assess function commun instrument respect articl financi control audit commiss account carri accord financi regul applic gener budget european commun luxembourg april council presid kiechl oj oj oj oj oj