제18664호                               관              보              2015. 12. 22.(화요일)
                          FRAMEWORK ARRANGEMENT BETWEEN
                 THE GOVERNMENT OF THE REPUBLIC OF KOREA AND
         THE GOVERNMENT OF THE LAO PEOPLE'S DEMOCRATIC REPUBLIC
                                  CONCERNING LOANS FROM
                   THE ECONOMIC DEVELOPMENT COOPERATION FUND
                             FOR THE YEARS 2016 THROUGH 2019
    The Government of the Republic of Korea (hereinafter referred to as the "Korean
Government") and the Government of the Lao People's Democratic Republic (hereinafter referred
to as the "Lao Government"),
    In accordance with the Agreement between the Government of the Republic of Korea and the
Government of the Lao People's Democratic Republic concerning Loans from the Economic
Development Cooperation Fund signed on October 8, 1997 (hereinafter referred to as the
"Agreement"),
    Have agreed as follows:
                                              Article 1
    The Korean Government shall enable the Lao 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 Three Hundred Million US
dollars (US$300,000,000) for the years 2016 through 2019 to finance EDCF loan projects in the
Lao People's Democratic Republic, unless otherwise agreed by the two Governments.
                                              Article 2
    An EDCF loan for each individual project (hereinafter referred to as the "Loan") shall be
extended to the Lao Government in accordance with the following procedures:
    (a) The Korean Government and the Lao Government shall identify the candidate projects set
        forth in the Annex of this Arrangement and will endeavor to execute the projects in close
        collaboration with each other;
    (b) The Lao 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 a requested project after
        appraisal of the project, it shall inform the Lao 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 Lao 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 two Governments:
    (a) The borrower or guarantor of the Loan shall be the Lao Government;
    (b) The repayment terms and the interest rate shall be specified in the Loan Agreement of
        the individual project;
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