2000/355/EC: Council Decision of 22 May 2000 providing exceptional financial assistance for Montenegro
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
1. The Community shall make available to the Republic of Montenegro exceptional financial assistance in the form of straight grants of up to EUR 20 million, with a view to alleviating the Republic's immediate financing needs. 2. This assistance shall be managed by the Commission in close consultation with the Economic and Financial Committee.
1. The Commission is empowered to agree with the Republic of Montenegro, after consultation with the Economic and Financial Committee, the economic policy conditions attached to this assistance. 2. The Commission shall verify at regular intervals, in consultation with the Economic and Financial Committee, that economic policies in the Republic of Montenegro respect the objectives and economic policy conditions of this assistance.
1. The grant assistance shall be made available to the Republic of Montenegro in at least two instalments on the basis of successful completion of the economic policy conditions referred to in Article 2(1). The second tranche shall not be released before two months after the release of the first tranche. 2. All related preparation, implementation and monitoring costs shall also be covered by this assistance. 3. The funds shall be made available to the budget of the Republic of Montenegro.
The Commission shall address to the European Parliament and to the Council an annual report, which will include an evaluation on the implementation of this Decision. Done at Brussels, 22 May 2000. For the Council The President J. Gama (1) Opinion of 18 May 2000 (not yet published in the Official Journal).
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.