Contents
- 1. Subject to the conditions referred to in paragraph 3, the…
- 2. The amounts of the Union's macro-financial assistance prov…
- 3. The Commission shall decide on the release of the instalme…
- 4. The release of the second instalment shall not, in princip…
- 5. Where the conditions referred to in paragraph 3 are not me…
- 6. The Union's macro-financial assistance shall be disbursed…
3.The Commission shall decide on the release of the instalments subject to the fulfilment of all of the following conditions:
(a)the pre-condition set out in Article 2;
(b)a continuous satisfactory track record of implementing a policy programme that contains strong adjustment and structural reform measures supported by a non-precautionary IMF credit arrangement; and
(c)the satisfactory implementation of the economic policy and financial conditions agreed in the Memorandum of Understanding.
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