Publication: Magyar Közlöny
Issue: MK-2010-48 (Year: 2010, Number: 48)
Era: contemporary
Section: A Kormány 94/2010. (III. 31.) Korm. rendelete
Paragraph Index: 18

g) startingpointofcredit: to bedetermined accordingto the listof definitionsset out inthe k) pointof AnnexXI. of the OECD Arrangement. Article 2 Establishment of the framework programme for financial co-operation The Government of the Republic of Hungary, in accordance with its international development co-operation policy, offers a non-refundableofficialsupport through interest rate support and grant element, to tied aid credits (further on: tied aid credit line) disbursed by the Hungarian Export-Import Bank Pte. Ltd. (further on: Eximbank) with the framework conditions set out in the present Agreement, available for financing infrastructural investments and other highlighted reconstructural programmes included in the development aims of high importance of Bosnia and Herzegovina. The Council of Ministers of Bosnia and Herzegovina accepts the tied aid credit line and, acting in accordance with its own legal system and international obligations, supports the realisation of the present framework programme of tied aid credit by issuing sovereign guaranties or guaranties of payment equal to them issued by the state or accepting payment obligations equal to a sovereign guarantee to ensure the repayment of the credit spent and its additional charges. Contracting Parties express their willingness with respect to the participants of the credit transactions belonging to the present tied aid credit line will confirm by declarations that pursuant to the provisions of the action statement of the OECD on „Bribery and officially subsidised export credits” they did not participate in any bribery in relation to the transactions and they are not aware of any corruption. Article 3 Amount of the tied aid credit line and its financial conditions The total value of the projects financed under the tied aid credit line is maximum EUR 15.800.000 that is Fifteen Million and Eight hundred Thousand Euros. The definitive engagement arise on the basis of the individual credit agreements concluded with Eximbank. The concessionality level of credits payable under the tied aid credit line is 35 per cent. Tenor of the credits disbursed under the tied aid credit line following the disbursement period shouldn't exceed 11,5 years, which period of time includes 1,5 year waiting period starting 6 months after the starting point of credit as defined in the OECD Arrangement, and 10 years period of repayment of the credit. The disbursement period of credits disbursed under the tied aid credit line will be stipulated in the specific credit agreements depending on the particular project. The disbursement period shouldn't exceed 2 years. Relating to the credits disbursed under the tied aid credit line an interest rate will be set – determined according to the OECD Arrangement on the basis of the DDR valid in the year of the signing of the individual credit agreements, the period of implementation, the grace period and the repayment term. This interest rate will be stipulated in the individual credit agreement and its measure remains constant for the whole tenor of the credit. Relating to the credits disbursed under the tied aid credit line, a risk premium stipulated in the particular credit agreement will be charged the measure of which is regulated in the OECD Arrangement. Article 4 Utilisation of the tied aid credit line The tied aid credit line can be utilised for the realisation of projects not objected by signers of the OECD Arrangement during the procedure in conformity with the acceptance rules of the OECD Arrangement and the consultation procedure, respectively. Contracting Parties agree that the Council of Ministers of Bosnia and Herzegovina will apply the tied aid credit line for the realisation of the water and wastewater management projects specified in the Appendix forming an integral part of the present Agreement, or mutually accepted by the Parties (further on: selected projects). The Parties also agree that the realisation of the two projects is not joint, either project can be realised if the conditions of its realisation are fulfilled. Its realisation does not depend on the other project. The selected projects will be realised by Hungarian exports through companies registered in Hungary. The financing realised under the tied aid credit line may include the foreign content in cases if at least 50 per cent of the export realised by companies registered in Hungary qualifies as of Hungarian origin or if at least 25 per cent of the value of a construction, assembling or main contractor's contract – exceeding EUR 5 million – performed on the territory of Bosnia and Herzegovina by a company registered in Hungary qualifies as an export of Hungarian origin. The Council of Ministers of Bosnia and Herzegovina or the organisation appointed by it for realisation of the selected projects chooses, in conformity with its inner prescriptions, acting in accordance with the Good Procurement Practice for ODA, companies registered in Hungary (further on: exporter) and gives the Ministry of Economy and Transport of the Republic of Hungary information about its decisions. Article 5 Acceptance procedure The Contracting Parties, for acceptance of the projects financed under the credit line as per the present Agreement, will follow the procedure below:

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