{
  "url": "https://openlegislation.uk/eu-decision-2004-580/article-1",
  "json_url": "https://openlegislation.uk/eu-decision-2004-580/article-1.json",
  "legislation": "eudn/2004/580",
  "legislation_title": "Council Decision of 29 April 2004 providing macro-financial assistance to Albania and repealing Decision 1999/282/EC (2004/580/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2004-580",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": null,
  "text": "1. The Community shall make available to Albania a macro-financial assistance in the form of a long-term loan and a straight grant with a view to helping the country meet its external financing needs, including through a reinforcement of its reserves and budget support.\n2. The loan component of this assistance shall amount to a maximum principal of EUR 9 million with a maximum maturity of 15 years. To this end, the Commission is empowered to borrow, on behalf of the Community, the necessary resources that will be placed at the disposal of Albania in the form of a loan.\n3. The grant component of this assistance shall amount to a maximum of EUR 16 million.\n4. This Community financial assistance shall be managed by the Commission in close consultation with the Economic and Financial Committee and in a manner consistent with the agreements reached between the IMF and Albania.\n5. The Community 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 consultation of the Economic and Financial Committee, may decide to extend the availability period by a maximum of one year.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2004/580/article/1",
    "retrieved_at": "2026-11-01T15:18:10.011324+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}