L 334/28 Official Journal of the European Communities 18.12.2001 II (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 10 December 2001 amending Decision 1999/325/EC providing macro-financial assistance to Bosnia and Herzegovina (2001/899/EC) THE COUNCIL OF THE EUROPEAN UNION, (5 The Commission has consulted the Economic and Finan- ial C ittee bef bmitting it 1, Having regard to the Treaty establishing the European clal L-ommittee bElore SubMIting IS proposa Community, and in particular Article 308 thereof, Having regard to the proposal from the Commission, HAS DECIDED AS FOLLOWS: Having regard to the opinion of the European Parliament ('), Sole Article Whereas: . . . i ) Decision 1999/325[EC is hereby amended as follows: (1)  Decision 1999/325/EC (?) provides macro-financial assis- ] ) tance to Bosnia and Herzegovina comprising a loan 1. Article 1(3) shall be replaced by the following: component of a maximum principal of EUR 20 million ‘3. The grant component of this assistance shall amount and a grant component of a maximum of EUR 40 to a maximum of EUR 40 million. million. 2. A new Article shall be added: (2)  Due to delays in the implementation of the required Artide 6 policy reforms as agreed within the Stand-by Arrange- riicle ment with the International Monetary Fund, so far only This Decision shall expire on 31 December 2002’ a first (EUR 25 million) and a second tranche (EUR 20 million) could be released. A third and final tranche of up to EUR 15 million is still outstanding. (3)  Bosnia and Herzegovina is determined to continue on its Done at Brussels. 10 December 2001. economic stabilisation and reform path and continues to require external financial support in addition to what . can be provided by international financial institutions. For the Council (4)  The existing Decision 1999/325/EC does not permit the The President commitment of grant funds beyond the year 2000. L. MICHEL (') Opinion delivered on 29 November 2001 (not yet published in the Official Journal). () O L 123, 13.5.1999, p. 57.