commission, in liaison with the ecb, assesses requests for stability support ( article 13 ( 1 ) ) ; ( iv ) the commission, in liaison with the ecb, negotiates an mou detailing the conditionality attached to the financial assistance facility ( article 13 ( 3 ) ) ; and ( v ) the commission, in liaison with the ecb, monitors compliance with the conditionality attached to the financial assistance ( article 13 ( 7 ) ). [ 47 ] case c - 370 / 12, pringle v ireland, ecli : eu : c : 2012 : 756, paras. 155 - 65. [ 48 ] joined cases c - 8 / 15 p to c - 10 / 15 p, ledra advertising ltd and others v commission and ecb, ecli : eu : c : 2016 : 701. [ 49 ] see, in particular, regulation ( eu ) no 472 / 2013 of the european parliament and of the council of 21 may 2013 on the http : / / www. ecb. europa. eu / press / key / date / 2017 / html / sp170330. en. html [ 03. 04. 2017 15 : 53 : 14 ] central bank independence revisited strengthening of economic and budgetary surveillance of member states in the euro area experiencing or threatened with serious difficulties with respect to their financial stability ( oj l 140, 27. 5. 2013, p. 1 ). [ 50 ] article 5 ( 1 ) and ( 2 ) of the treaty. [ 51 ] article 5 ( 1 ) and ( 2 ) of the treaty. [ 52 ] see article 5 of the ssm regulation. [ 53 ] article 13h of the ecb ’ s rules of procedure. [ 54 ] on the reciprocity of macroprudential policy measures in the eu, see deutsche bundesbank ( 2016 ), financial stability review 2016, pp. 45 - 46. [ 55 ] see, for instance, de larosiere, j. ( 2009 ), report of the high level group on financial banking supervision in the eu, p. 39. [ 56 ] drehmann, m., borio, c., and tstasaronis, k. ( 2012 ), “ characterising the financial cycle : don ’ t lose sight of the medium term! ”, bis working papers, no 380, bank for international settlements ; and runstler, g., and vlekke,

sets out a number of activities to be pursued through july 2007 in ten key areas. these include efforts related to : free and fair elections, anti - corruption, anti - money laundering, procurement, the office of the auditorgeneral, civil service reform, decentralisation and the role of non - state actors ( notably the private sector and civil society ), the creation of a more conducive investment environment, implementation of the extractive industries transparency initiative and better public service delivery in health and education. the pact also commits the four budget support donors to further harmonisation around the government ’ s programme ”. enforcement of the governance agenda is consequently exercised by the donor community through inclusion of governance requirements in the programmes of assistance agreed with the country ; establishing them as conditionalities and trigger requirements for release of funds ; providing technical assistance to ensure the performance of these elements of the programme, including provision of personnel in some cases. we may note in passing that action on all these requirements is in progress and the related programmes are in varying stages of implementation. civil society is also becoming increasingly important in trying to put pressure on government to deliver on governance issues. in the sierra leone context, special mention may be made of the campaign for good governance, the civil societies organisation, the 50 / 50 group, the lawyers centre for legal assistance ( lawcla ) and other bodies. a recently established chapter of the institute of directors pays particular attention to the improvement of corporate governance. the press has continued to wage a governance campaign, especially with respect to anti - corruption matters. some general remarks the governance debate is a difficult one, not least because of the imprecision of the concept and its multi - dimensionality. this opens room for a range of interpretations and the inclusion of diverse elements, rendering the basis of discussion somewhat fragile. there is also a measure of ambivalence regarding its practical application and suspicion in some case of the motives underlying the significance attached to it by the donor community. its link with poverty reduction is not uncontested, and questions also arise as to whether it is not really the washington consensus and structural adjustment in new clothing. in the african context, there is admission of mis - governance in many areas of state management. in particular, corruption and impunity in public administration, conduct of elections, financial management and judicial processes, are bemoaned on a wide scale. serious observers agree that there is a need to correct the institutional arrangements that create an avenue for some