Article 1 
1. The Community shall make available to Moldova macro financial assistance in the form of a straight grant with a view to ensure a sustainable balance-of-payments situation and strengthening the country's reserve position. 2. The assistance shall amount to a maximum of EUR 15 million. 3. The assistance will be managed by the Commission in close consultation with the Economic and Financial Committee and in a manner consistent with any agreement reached between the IMF and Moldova. Article 2 1. The Commission is empowered to agree with the Moldovan authorities, after consulting the Economic and Financial Committee, the economic policy conditions attached to the financial assistance. These conditions shall be consistent with the agreements referred to in Article 1(3). 2. The Commission shall verify at regular intervals, in collaboration with the Economic and Financial Committee, and in coordination with the IMF, that economic policy in Moldova is in accordance with the objectives of this financial assistance and that its conditions are being fulfilled. Article 3 1. The assistance shall be made available to Moldova in at least two instalments. Subject to the provisions of Article 2, the first instalment is to be released on the basis of a satisfactory track record of Moldova's macro-economic programme agreed with the IMF in the context of the present Poverty Reduction and Growth Facility or of any successor upper credit tranche arrangement. 2. Subject to the provisions of Article 2, the second and any further instalments shall be released on the basis of a satisfactory continuation of Moldova's macroeconomic programme and not before three months after the release of the previous instalment. 3. The funds shall be paid to the National Bank of Moldova. 4. All related costs incurred by the Community in concluding and carrying out the operation under this Decision shall be borne by Moldova, if appropriate. Article 4 At least once a year, and before September, the Commission shall address a report to the European Parliament and to the Council which will include an evaluation of the implementation of this Decision. Article 5 1. This Decision shall take effect on the day of its publication in the Official Journal of the European Communities. It will expire three years after the date of its publication. 2. Council Decision 2000/452/EC is hereby repealed. Done at Brussels, 19 December 2002. For the Council The President L. Espersen (1) Opinion given on 5 December 2002 (not yet published in the Official Journal). (2) OJ L 181, 20.7.2000, p. 77.
Article 2 
1. The Commission is empowered to agree with the Moldovan authorities, after consulting the Economic and Financial Committee, the economic policy conditions attached to the financial assistance. These conditions shall be consistent with the agreements referred to in Article 1(3). 2. The Commission shall verify at regular intervals, in collaboration with the Economic and Financial Committee, and in coordination with the IMF, that economic policy in Moldova is in accordance with the objectives of this financial assistance and that its conditions are being fulfilled. Article 3 1. The assistance shall be made available to Moldova in at least two instalments. Subject to the provisions of Article 2, the first instalment is to be released on the basis of a satisfactory track record of Moldova's macro-economic programme agreed with the IMF in the context of the present Poverty Reduction and Growth Facility or of any successor upper credit tranche arrangement. 2. Subject to the provisions of Article 2, the second and any further instalments shall be released on the basis of a satisfactory continuation of Moldova's macroeconomic programme and not before three months after the release of the previous instalment. 3. The funds shall be paid to the National Bank of Moldova. 4. All related costs incurred by the Community in concluding and carrying out the operation under this Decision shall be borne by Moldova, if appropriate. Article 4 At least once a year, and before September, the Commission shall address a report to the European Parliament and to the Council which will include an evaluation of the implementation of this Decision. Article 5 1. This Decision shall take effect on the day of its publication in the Official Journal of the European Communities. It will expire three years after the date of its publication. 2. Council Decision 2000/452/EC is hereby repealed. Done at Brussels, 19 December 2002. For the Council The President L. Espersen (1) Opinion given on 5 December 2002 (not yet published in the Official Journal). (2) OJ L 181, 20.7.2000, p. 77.
Article 3 
1. The assistance shall be made available to Moldova in at least two instalments. Subject to the provisions of Article 2, the first instalment is to be released on the basis of a satisfactory track record of Moldova's macro-economic programme agreed with the IMF in the context of the present Poverty Reduction and Growth Facility or of any successor upper credit tranche arrangement. 2. Subject to the provisions of Article 2, the second and any further instalments shall be released on the basis of a satisfactory continuation of Moldova's macroeconomic programme and not before three months after the release of the previous instalment. 3. The funds shall be paid to the National Bank of Moldova. 4. All related costs incurred by the Community in concluding and carrying out the operation under this Decision shall be borne by Moldova, if appropriate. Article 4 At least once a year, and before September, the Commission shall address a report to the European Parliament and to the Council which will include an evaluation of the implementation of this Decision. Article 5 1. This Decision shall take effect on the day of its publication in the Official Journal of the European Communities. It will expire three years after the date of its publication. 2. Council Decision 2000/452/EC is hereby repealed. Done at Brussels, 19 December 2002. For the Council The President L. Espersen (1) Opinion given on 5 December 2002 (not yet published in the Official Journal). (2) OJ L 181, 20.7.2000, p. 77.
Article 4 
At least once a year, and before September, the Commission shall address a report to the European Parliament and to the Council which will include an evaluation of the implementation of this Decision. Article 5 1. This Decision shall take effect on the day of its publication in the Official Journal of the European Communities. It will expire three years after the date of its publication. 2. Council Decision 2000/452/EC is hereby repealed. Done at Brussels, 19 December 2002. For the Council The President L. Espersen (1) Opinion given on 5 December 2002 (not yet published in the Official Journal). (2) OJ L 181, 20.7.2000, p. 77.
Article 5 
1. This Decision shall take effect on the day of its publication in the Official Journal of the European Communities. It will expire three years after the date of its publication. 2. Council Decision 2000/452/EC is hereby repealed. Done at Brussels, 19 December 2002