Common use of Article 117 Clause in Contracts

Article 117. At the request of Serbia and in case of special need, the Community could examine in coordination with international financial institutions, the possibility of granting on an exceptional basis macro-financial assistance subject to certain conditions and taking into account the availability of all financial resources. This assistance would be released subject to the fulfilment of conditions to be established in the context of a programme agreed between Serbia and the International Monetary Fund.

Appears in 3 contracts

Sources: Stabilisation and Association Agreement, Stabilisation and Association Agreement, Stabilisation and Association Agreement