제19190호                                   관                 보                    2018. 2. 6.(화요일)
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 Government of Bangladesh;
     (b) The repayment period shall be forty (40) years, including a fifteen (15) year grace period,
        and   the   interest   rate   shall   be   from    one   one-hundredth   of    one   percent   to   five
        one-hundredths of one percent (0.01%~0.05%) per annum. Such terms and conditions may
        be determined in due consideration of the characteristics of individual projects and in
        accordance with the laws, regulations and guidelines of the Republic of Korea;
     (c) No interest shall accrue for the Loan covering the consulting services costs, in case the
        consultant is selected from among Korean firms;
     (d) In the event that the Government of Bangladesh 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 (2%) per
        annum in addition to the interest rate specified in the Loan Agreements;
     (e) The eligible source countries for the procurement of goods and services, including
        consulting services, to be financed out of the Loan shall be the Republic of Korea for the
        foreign currency portion and the People’s Republic of Bangladesh for the local currency
        portion. The procurement from countries other than the eligible source countries, if any,
        shall be set out in the Loan Agreements;
     (f) The suppliers of the goods and services necessary for the implementation of the project
        shall be selected through competitive bidding among Korean firms;
     (g) The consultants shall be employed through limited competitive bidding among Korean
        consulting firms;
     (h) The procurement or consulting contracts shall be concluded within eighteen (18) months
        from the effective date of each Loan Agreement;
     (i) Details of the methods and procedures for the procurement shall be governed by the Loan
        Agreements; and
     (j) All taxes, customs duties and other fiscal charges imposed in the People’s Republic of
        Bangladesh on goods and services provided by the suppliers and consultants for the
        implementation of the projects under the Loan Agreements shall either be exempted or
        borne by the Government of Bangladesh.
2.   The revision of any principle stated in paragraph 1 above may be made with the mutual
consent of the Parties, and shall be set out in the Loan Agreements.
                                                   Article 4


     Should the Loan allocated to a project be insufficient for the implementation of the project,
the Government of Bangladesh shall take responsibility to provide such funds as shall be needed.
                                                   Article 5
     The Loans shall be disbursed by the Bank to the Government of Bangladesh, or to the

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