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2007/259/EC: Council Decision of 16 April 2007 providing… Article 1

2007/259/EC: Council Decision of 16 April 2007 providing… Article 1

Article 1

1.   The Community shall make available to Moldova macro-financial assistance in the form of a grant of up to EUR 45 000 000 with a view to supporting Moldova’s balance of payments and alleviating the financial constraints on the implementation of the government’s economic programme. 2.   The Community macro-financial assistance shall be managed by the Commission in consultation with the Economic and Financial Committee and in a manner consistent with the agreements or understandings reached between the International Monetary Fund (IMF) and Moldova. 3.   The Community macro-financial assistance shall be made available for two years starting from the first day after the entry into force of this Decision. However, if circumstances so require, the Commission, after consulting the Economic and Financial Committee, may decide to extend the availability period by a maximum of one year.

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Other provisions in 2007/259/EC: Council Decision of 16 April 2007 providing…

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 1 of 2007/259/EC: Council Decision of 16 April 2007 providing… (LawPlayer, data as of 2026-07-04)

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