관              보
                        제15252호                                                               2002.11.18. (월요일)
                    Bangladesh, acting by and through the                 the proceeds of the Loan, repayment of
                    Ministry of Finance.
                                                                          principal or payment of interest payable to
                  3. The Loan amount shall be made available              the Bank under the Loan Agreement shall be
                    through a Loan Agreement (hereinafter                 governed by banking arrangements to be
                    referred to as “the Loan Agreement”) to be            concluded between the concerned
                    concluded between the Borrower and the Bank.          commercial banks of the two countries;
                  4. The Loan shall be denominated in Korean            (5)In the event the Borrower fails to make
                    Won. The amount of the Loan shall not exceed          payment of all or any portion of the principal
                    the equivalent of twenty eight million US             of the Loan or any other amount when due
                    dollars (US$28,000,000) and shall be fixed in         under the Loan Agreement, the unpaid
                    accordance with the relevant provisions of the        amount shall bear an overdue charge at the
                    Loan Agreement.                                       rate of two percent (2%) per annum above
                  5. The proceeds of the Loan shall be used to            the interest rate specified in the Loan
                    cover payments to be made by the Borrower to          Agreement; and
                    suppliers, contractors and/or consultants of
                                                                        (6)If the procurement of goods or services to
                    the eligible source country under such                be financed out of the proceeds of the Loan
                    contracts as may be entered into between              has not been carried out within eighteen(18)
                    them for the procurement of goods and                 months after the effective date of the Loan
                    services required for the implementation of the       Agreement, the Pledge for the Project issued
                    Project.                                              by the Government of the Republic of Korea
                                       Article 2
                                                                          shall be invalid.
                  The terms and conditions of the Loan, as well as                        Article 3
                  the procedures for its utilization, shall be        1. The eligible source country for the
                  governed by the Loan Agreement which shall            procurement of goods and services required
                  contain, inter alia, the following principles:        for the Project shall be the Republic of Korea.
                    (1)The repayment period shall be thirty(30)         However, procurement from any third country
                      years including a grace period of ten (10)        may be allowed with the prior consent of the
                      years;                                            Bank for up to thirty percent (30%) of the total
                    (2)The interest rate shall be one percent           amount of the Loan if it is either impossible or
                      (1.0%) per annum;                                 uneconomical to purchase any goods and
                    (3)The disbursement period shall be sixty(60)       services from the eligible source country.
                      months from the effective date of the Loan      2. The suppliers of the goods and services
                      Agreement or such other period as the             necessary for the implementation of the
                      Borrower and the Bank agree upon;                 Project shall be selected through limited
                    (4)A service charge of one-tenth of one             competitive bidding among or direct
                      percent (0.1%) of the amount specified in         contracting with Korean suppliers.
                      the letter of commitment shall be collected     3. Goods which contain materials imported from
                      by the Bank. All banking charges and/or           countries other than the eligible source
                      costs for services rendered by commercial         country may be eligible for financing under
                      banks in connection with disbursements of
                                                                        the Loan, if the imported portion comprises
                                                                    9