council decis novemb provid macro financi assist feder republ yugoslavia ec council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom financi committe feder republ yugoslavia fry author establish link intern organis made progress normalis countri financi relat multilater creditor includ european invest bank offici bilater creditor octob fry achiev substanti progress econom stabilis reform made import step function market economi stabilis associ process framework european union eu relat region desir support effort sustain polit econom stabilis fry view evolv develop full cooper relationship commun financi assist commun instrument bring fry closer commun commun provid macro financi assist eur million fry intern monetari fund imf approv year quot extend arrang quot fry usd million support author econom programm world bank decid make fry temporari basi packag concession loan usd million year period structur adjust credit usd million usd million approv januari support reform public financ energi social sector foster privat sector develop member pari club agre novemb substanti debt relief favour fry allevi balanc payment situat author fry request financi assist intern financi institut commun bilater donor estim financ provid imf world bank import residu financ gap remain cover support polici object attach author reform effort commun macro financi assist fry measur eas countri extern financi constraint support balanc payment strengthen reserv posit financi assist commun form combin long term loan straight grant measur support sustain fry extern financi posit limit borrow capac commun financi assist effect properli implement inclus grant compon assist prejudic power commun budgetari author constitut charter present process parliamentari discuss entri forc fry continu exist pend chang affect decis entri forc aforement constitut charter nation bank yugoslavia ceas exist entri forc constitut charter macro financi assist provid decis paid institut institut design respons nation bank yugoslavia receiv fund context decis assist manag commiss consult econom financi committe treati provid adopt decis power articl decid articl commun make fry macro financi assist form long term loan straight grant view ensur sustain balanc payment situat strengthen countri reserv posit loan compon assist amount maximum princip eur million maximum matur year end commiss empow borrow behalf commun resourc dispos fry form loan grant compon assist amount maximum eur million commun financi assist manag commiss close consult econom financi committe manner consist agreement reach imf fry articl commiss empow agre author fry consult econom financi committe econom polici condit attach commun macro financi assist condit consist agreement refer articl commiss verifi regular interv collabor econom financi committe coordin imf econom polici fry accord object macro financi assist condit fulfil articl loan grant compon assist made fry instal subject articl instal releas basi satisfactori implement adjust reform programm fry present extend arrang imf subject articl instal releas basi satisfactori track record fry adjust reform programm quarter releas previou instal fund paid nation bank fry entri forc constitut charter institut institut design respons nation bank yugoslavia receiv fund context decis articl borrow lend oper refer articl carri date involv commun transform matur exchang interest rate risk commerci risk commiss step fry request ensur earli repay claus includ loan term condit exercis request fry circumst permit improv loan interest rate 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 relat cost incur commun conclud carri oper decis born fry econom financi committe inform develop oper refer paragraph year articl year septemb commiss address european parliament council report includ evalu implement decis previou year articl decis effect dai public offici journal european commun appli year date brussel novemb council presid pedersen propos august publish offici journal opinion deliv octob publish offici journal opinion deliv octob publish offici journal decis ec oj decis amend decis ec oj