97/472/EC: Council Decision of 22 July 1997 providing… Article 3
Article 3
1. The loan shall be made available to Bulgaria in at least two instalments. Subject to Article 2 the first instalment is to be released on the basis of the completion of the first review of the 'stand-by` arrangement agreed with the International Monetary Fund.
2. Subject to Article 2 the later instalments shall be released on the basis of a satisfactory continuation of the 'stand-by` arrangement and not before three months after the release of the first instalment.
3. The funds shall be paid to the Bulgarian National Bank.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 3 of 97/472/EC: Council Decision of 22 July 1997 providing… (LawPlayer, data as of 2026-07-04)
