제16095호                           관                  보                2005. 9.29. (목요일)

be governed by the Loan Agreement, which               for the Project shall be the Republic of
shall contain, inter alia, the following               Korea and the Republic of Yemen.
principles:                                            Procurement for the Project from any third
  (1)The repayment period shall be thirty (30)         country may be allowed with the prior
    years including a grace period of ten (10)         consent of the Bank for up to twenty
    years;                                             percent(20%) of the Loan amount for the
  (2)The interest rate shall be one percent            Project if it is impossible or uneconomical
    (1.0%) per annum;                                  to purchase any goods and services from
  (3)The disbursement period shall be thirty           the eligible source country.
    (30) months from the effective date of the     2. The suppliers of goods and services
    Loan Agreement or such other period as             necessary for the implementation of the
    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   Korean
    percent(0.1%) of the amount of each                companies or direct contracting with a
    disbursement in case of a direct payment           Korean company.
    procedure, or of the amount specified in       3. The procurement contract shall be
    the letter of commitment in case of a
                                                       concluded within eighteen(18) months after
    commitment procedure, shall be collected
                                                       the effective date of the Loan Agreement.
    by the Bank. All banking charges and/or
                                                   4. Details of the methods and procedures of
    costs for services rendered by banks in
                                                       procurement shall be governed by the Loan
    connection with disbursements of the
                                                       Agreement.
    proceeds of the Loan, repayment of
                                                                        Article 4
    principal or payment of interest payable to
                                                       In the event the funds available from the
    the Bank under the Loan Agreement shall
                                                   proceeds of the Loan are insufficient for the
    be subject to a banking arrangement to be
                                                   full implementation of the Project, the
    concluded between the concerned banks
                                                   Borrower shall promptly make arrangements
    of the two countries; and
                                                   to provide such funds as are needed.
  (5)In the event the Borrower fails to make
                                                                        Article 5
    payment of all or any portion of the
                                                       The proceeds of the Loan shall be disbursed
    principal of the Loan or any other amount
    when due under the Loan Agreement, the         by the Bank to the Borrower or, to the supplier

    unpaid amount shall bear an overdue            on behalf of the Borrower in accordance with

    charge at the rate of two percent (2%) per     the progress of the Project, up to the amount

    annum above the interest rate.                 of the Loan, and within the disbursement

                   Article 3                       period specified in the Loan Agreement and in

1. The eligible source countries for the           accordance with the disbursement procedure
  procurement of goods and services required       under the Loan Agreement.

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