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. Where the conditions referred to in paragraph 3 are not me…
- 5. The Union’s macro-financial assistance shall be disbursed…
3.The Commission shall decide on the release of the instalment subject to the fulfilment of the following conditions:
(a)the precondition set out in Article 2(1);
(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;
(c)the satisfactory implementation of the economic policy conditions and financial conditions agreed in the MoU.
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