제18915호                                              관                    보               2016. 12. 27.(화요일)
    In accordance with the Agreement between the Government of the Republic of Korea and the
Government of the Republic of Uzbekistan concerning Loans from the Economic Development

Cooperation Fund signed on July                 8, 1999 (
                                             hereinafter referred to as the Agreement          “                    ”),
    Have agreed as follows         :
                                                Article                   1
    The Korean Government shall enable the Uzbekistan Government to obtain loans from the
                                                              (
Economic Development Cooperation Fund hereinafter referred to as the EDCF up to a                           “                ”)
maximum commitment amount in Korean Won not exceeding the equivalent of Four Hundred

Million US dollars US$     (   400,000,000)
                                         for the years           through      2016           2018
                                                                                to finance EDCF loan

                                                      ,
projects in the Republic of Uzbekistan unless otherwise agreed by the Parties                           .
                                                Article                   2
                                                                      (
    An EDCF loan for each individual project hereinafter referred to as the Loan shall be                       “             ”)
extended to the Uzbekistan Government in accordance with the following procedures                                    :
     ()
     a The Korean Government and the Uzbekistan Government shall identify the candidate

        projects from the list set forth in the Annex of this Arrangement and will endeavor to

        execute the projects in close collaboration with each other;

     ()
     b The Uzbekistan Government shall request the Korean Government through diplomatic             ,
                  ,
        channels to extend a Loan for each individual project;

     ()
     c In case the Korean Government decides to extend a Loan for the requested project after

                                       ,
        appraisal of the project it shall inform the Uzbekistan Government of its decision through

        diplomatic channels; and
     ()
     d Details of each individual project and the Loan amount for the project shall be set out in
        and made available through a loan agreement                                  (
                                                                hereinafter referred to as the Loan                                “
                      ”)
        Agreement to be concluded between the Export-Import Bank of Korea hereinafter                                         (
        referred to as the Bank“           ”)
                                     and the Uzbekistan Government                       .
                                                Article                   3
1.  The terms and conditions for each individual project shall be specified in each Loan
Agreement to the extent consistent with the Agreement and the provisions of this Arrangement                                           .
                                                  ,               ,
Each Loan Agreement shall contain inter alia the following principles unless otherwise agreed  ,
by the Parties:
     ()
     a The borrower or guarantor of the Loan shall be the Uzbekistan Government;

     ()
     b The repayment terms and interest rate shall be specified in the Loan Agreement of the

        individual project;

     ()
     c No interest shall accrue for the Loan covering the consulting services costs in case the                          ,
        consultant is selected from among the firms which shall be specified in the Loan

        Agreement of the individual project;
     ()
     d In the event that the Uzbekistan Government fails to make payment of all or any portion
        of the principal of the Loan or any other amount due under the Loan Agreements the                                         ,
        unpaid amount shall bear an overdue charge at the rate of two percent            % per annum            (2 )
        in addition to the interest rate specified in the Loan Agreements;

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