The Council adopted the two Decisions concluding the
Fourth Financial Protocols with Cyprus
and Malta,
which were signed on 12 June 1995 and to which the European
Parliament gave its assent on 17 October 1995. In the case of the
Financial Protocol with Malta,
an aggregate amount of ECU 45 million may be committed for a period
expiring on 31 October 1998 for the financing of measures intended
to contribute to the economic and social development of Malta and
facilitate its economic transition with a view to accession to the European
Union. The amount of ECU 45 million may be committed as follows:
ECU 30 million in the form of loans from the EIB made from its own
resources and ECU 15 million from the Community’s budgetary
resources, of which ECU 13 million will be in the form of grants
and ECU 2 million in the form of contributions to risk capital
formation.