My bookmarksSign up free

2005/690/EC: Council Decision of 18 July 2005 on the… TITLE VII — FINANCIAL COOPERATION

Article 79–Article 81 · 3 articles

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Article 79

In order to support the objectives of this Agreement, Algeria shall receive financial cooperation Algeria in accordance with the appropriate procedures and with the appropriate financial resources. These procedures shall be adopted by mutual agreement between the Parties by means of the most suitable instruments once this Agreement enters into force. In addition to the areas covered by Titles V and VI of this Agreement, cooperation shall apply to the following: — facilitating reforms designed to modernise the economy, including rural development, — upgrading economic infrastructure, — promoting private investment and job-creating activities, — offsetting the effects on the Algerian economy of the progressive introduction of a free trade area, in particular where the updating and restructuring of industry is concerned, — accompanying measures for policies implemented in the social sectors.

Article 80

Within the framework of the Community instruments designed to support structural adjustment programmes in the Mediterranean countries in order to restore key financial equilibria and create an economic environment conducive to faster growth and enhanced social welfare, the Community and Algeria, in close coordination with other contributors, in particular the international financial institutions, shall adapt the instruments intended to accompany development and liberalisation policies for the Algerian economy.

Article 81

In order to ensure a coordinated approach to dealing with any exceptional macroeconomic or financial problems which might stem from the progressive implementation of the provisions of this Agreement, the Parties shall closely monitor the development of trade and financial relations between the Community and Algeria as part of the regular economic dialogue established under Title V.

Back to 2005/690/EC: Council Decision of 18 July 2005 on the… — full text

Articles on this page are reproduced verbatim from official open data. See the attribution line.

Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

What to look at next