# Council Decision of 30 November 2009 providing macro-financial assistance to Bosnia and Herzegovina (2009/891/EC), Article 1

Extent: E+W+S+N.I.

1. The Community shall make available to Bosnia and Herzegovina macro-financial assistance in the form of a loan facility with a maximum principal amount of EUR 100 million and a maximum average maturity of 15 years with a view to supporting Bosnia and Herzegovina’s economic stabilisation and alleviating its balance of payments and budgetary needs as identified in the current IMF programme.
2. To this end, the Commission is empowered to borrow on behalf of the Community the necessary resources.
3. The release of the Community financial assistance shall be managed by the Commission, in close cooperation with the Economic and Financial Committee, in a manner consistent with the agreements or understandings reached between the IMF and Bosnia and Herzegovina.
4. The Community financial assistance shall be made available for two years starting from the first day after the entry into force of the Memorandum of Understanding referred to in Article 2(1). 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.

---
Source: https://www.legislation.gov.uk/eudn/2009/891/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2009-891/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.