제19897호                                관             보             2020. 12. 14.(월요일)
2.   The borrower of the Loan shall be the Government of the Republic of Rwanda (hereinafter
referred to as the “Borrower”), acting through the Ministry of Finance and Economic Planning of
the Republic of Rwanda.
3.   The Loan shall be denominated in Korean Won. The amount of the Loan shall not exceed the
equivalent of Sixty Six Million Two Hundred Eighty Two Thousand US Dollars (US$ 66,282,000)
and shall be fixed in Korean Won in accordance with the relevant provisions of a Loan
Agreement to be concluded between the Borrower and the Bank (hereinafter referred to as the
“Loan Agreement”).
                                              Article 2
     The terms and conditions of the Loan, as well as the procedures for its utilization, shall be
governed by the Loan Agreement, which shall contain, inter alia, the following principles:
     (a) The repayment period shall be forty (40) years, including a grace period of fifteen (15)
         years;
     (b) The interest rate shall be zero point zero one percent (0.01%) per annum;           when
         the Borrower makes a procurement contract with Korean small and medium enterprises
         (SMEs) or medium/large companies, preferential interest rates shall apply to the portion
         of the Loan covering the procurement contract, as follows:
         (i)       in case one or more Korean SMEs (including a consortium or joint venture (JV)
               by Korean SMEs) enter into the contract, a zero percent (0%) interest rate shall
               apply,
         (ii) in case one or more Korean medium/large companies (including a consortium or JV
               by Korean medium/large companies) enter into the contract, a zero percent (0%)
               interest rate shall apply,
         (iii) in case a consortium or JV in which Korean SMEs hold thirty percent (30%) or
               above of the shares enter into a contract, a zero percent (0%) interest rate shall
               apply;
     -   A zero percent (0%) interest rate shall apply to the portion of the Loan covering the
         consulting services provided by Korean consultant(s);
     (c) The disbursement period shall be forty-eight (48) months from the effective date of the
         Loan Agreement or such other period as the Borrower and the Bank agree upon;
     (d) A service charge of zero point one percent (0.1%) of the amount of each disbursement
         shall be collected by the Bank;
     (e) All banking charges and/or costs for services rendered by banks in connection with
         disbursements of the proceeds of the Loan, repayment of principal or payment of interest
         payable to the Bank under the Loan Agreement, shall be subject to a banking
         arrangement to be concluded between the concerned banks designated by the Borrower
         and the Bank; and
     (f) In the event the Borrower fails to make payment of all or any portion of the principal of
         the Loan or any other amount when due under the Loan Agreement, the unpaid amount
         shall bear an overdue charge at the rate of two percent (2.0%) per annum in addition to

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