{
  "url": "https://openlegislation.uk/eu-decision-2004-862/introduction",
  "json_url": "https://openlegislation.uk/eu-decision-2004-862/introduction.json",
  "legislation": "eudn/2004/862",
  "legislation_title": "Council Decision of 7 December 2004 on macro-financial assistance to Serbia and Montenegro and amending Decision 2002/882/EC providing further macro-financial assistance to the Federal Republic of Yugoslavia (2004/862/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2004-862",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Council Decision\nof 7 December 2004\non macro-financial assistance to Serbia and Montenegro and amending Decision 2002/882/EC providing further macro-financial assistance to the Federal Republic of Yugoslavia\n(2004/862/EC)\nTHE COUNCIL OF THE EUROPEAN UNION,\nHaving regard to the Treaty establishing the European Community, and in particular Article 308 thereof,\nHaving regard to the proposal of the Commission,\nHaving regard to the opinion of the European Parliament,\nWhereas:\n(1)\nCouncil Decision 2002/882/EC of 5 November 2002 providing further macro-financial assistance to the Federal Republic of Yugoslavia aims at ensuring a sustainable balance of payments situation and strengthening the country’s reserve position.\n(2)\nTwo tranches under this assistance totalling EUR 105 million have been disbursed in 2002 and 2003. Due to the delays in the implementation of agreed structural measures, the implementation of the third tranche (EUR 25 million) is still outstanding. Terms and policy conditions for the additional amount of EUR 70 million decided in 2003 remain to be negotiated and agreed.\n(3)\nThe authorities of Serbia and Montenegro are committed to economic reform and stabilisation under the present IMF programme as evidenced by encouraging signs of a revitalisation of structural reforms.\n(4)\nThe country continues to require external financial support in addition to what can be provided by international financial institutions.\n(5)\nDecision 2002/882/EC should be amended to permit the commitments and the payments of grant funds and loan disbursements beyond 9 November 2004.\n(6)\nThe Treaty does not provide, for the adoption of this Decision, powers other than those of Article 308.\n(7)\nAfter consulting the Economic and Financial Committee,\nHAS DECIDED AS FOLLOWS:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ C 290, 27.11.2004, p. 6."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Opinion delivered on 28 October 2004 (not yet published in the Official Journal)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "OJ L 308, 9.11.2002, p. 25. Decision amended by Decision 2003/825/EC (OJ L 311, 27.11.2003, p. 28)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2004/862/introduction",
    "retrieved_at": "2026-11-01T15:18:04.361362+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."
}