| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/11/828 (4.7.11) |
| Publication Date | 04/07/2011 |
| Content Type | News |
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On 4 July 2011, the Commission adopted a proposal for a Framework Regulation for macro-financial assistance (MFA), a financing instrument under which exceptional financial assistance is granted to third countries close to the EU that are experiencing balance-of-payments difficulties. The proposed Framework Regulation aims to make MFA faster and more effective by speeding up decision-making for individual MFA operations. The Framework Regulation would lay down the key rules governing MFA in a formal legal act. Since the launch of the instrument in 1990, a total of 55 MFA decisions benefiting 23 countries have been approved, with total commitments amounting to €7.4 billion. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/828&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Countries / Regions | Eastern Europe, Europe |
