European Commission
Managing Director
ESM Board of Directors Disbursement
ECB (+possibly
IMF) In liaison with
ESM Besluitvormingsproces omtrent uitkering vervolgtranches
Gebaseerd op informatie in de Treaty establishing the European Stability Mechanism
Board of Directors Is entrusted, in liaison
with the ECB, and, whereever possible, together with the IMF,
with monitoring compliance with the conditionality attached
to the financial assistance facility
Reports Proposes
Decides by mutual agreement on the disbursement of the tranches
of the financial assistance subsequent to the first tranche Assessment
based on report if compliance is
sufficient
