{
  "url": "https://openlegislation.uk/eu-decision-2009-891/introduction",
  "json_url": "https://openlegislation.uk/eu-decision-2009-891/introduction.json",
  "legislation": "eudn/2009/891",
  "legislation_title": "Council Decision of 30 November 2009 providing macro-financial assistance to Bosnia and Herzegovina (2009/891/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2009-891",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Council Decision\nof 30 November 2009\nproviding macro-financial assistance to Bosnia and Herzegovina\n(2009/891/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 from the Commission,\nHaving regard to the Opinion of the European Parliament,\nAfter consulting the Economic and Financial Committee,\nWhereas:\n(1)\nRelations between Bosnia and Herzegovina and the European Union (EU) are developing within the framework of the Stabilisation and Association Process and the European Partnership; Bosnia and Herzegovina and the Commission signed on 16 June 2008 a Stabilisation and Association Agreement and the Interim Agreement on Trade and Trade related Matters.\n(2)\nThe Bosnian economy has been increasingly hit by the international economic and financial crisis since the fourth quarter of 2008, with declining output and trade and falling fiscal revenues.\n(3)\nBosnia and Herzegovina’s economic stabilisation and recovery are supported by financial assistance from the International Monetary Fund (IMF). In May 2009, the Bosnian authorities agreed with the IMF on a new disbursing programme of EUR 1,15 billion over a three-year period which was approved by the IMF Board in July 2009.\n(4)\nBosnia and Herzegovina has requested additional Community macro-financial assistance in view of the worsening economic situation and outlook.\n(5)\nGiven that, following the assumptions of the IMF, a residual financing gap remains in the balance of payments in 2010, macro-financial assistance is considered an appropriate response to Bosnia and Herzegovina’s request under the current exceptional circumstances to support economic stabilisation in conjunction with the current IMF programme. The present financial assistance is also expected to contribute to alleviate budgetary financing needs.\n(6)\nIn order to ensure efficient protection of the Community’s financial interests linked to the present financial assistance, it is necessary to provide for appropriate measures by Bosnia and Herzegovina related to the prevention of, and the fight against, fraud, corruption and any other irregularities linked to this assistance, as well as for controls by the Commission and audits by the Court of Auditors.\n(7)\nThe release of the Community financial assistance is without prejudice to the powers of the budgetary authority.\n(8)\nThis assistance should be managed by the Commission, in consultation with the Economic and Financial Committee.\n(9)\nThe Treaty does not provide, for the adoption of this Decision, powers other than those of Article 308,\nHAS DECIDED AS FOLLOWS:",
  "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/2009/891/introduction",
    "retrieved_at": "2026-11-01T15:16:19.381652+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."
}