관            보
                      제15252호                                                           2002.11.18. (월요일)
                                    Article 1                         percent (0.1%) of the amount specified in
                 (1)The Government of the Republic of Korea
                                                                      the letter of commitment shall be collected
                   shall enable the Government of the People’s
                                                                      by the Bank. All banking charges and/or
                   Republic of Bangladesh to obtain a loan            costs for services rendered by commercial
                   (hereinafter referred to as “the Loan”) from       banks in connection with disbursements of
                   the Export-Import Bank of Korea (hereinafter       the proceeds of the Loan, repayment of
                   referred to as “the Bank”), the government         principal or payment of interest payable to
                   agency for the Economic Development                the Bank under the Loan Agreement shall be
                   Cooperation Fund (hereinafter referred to as
                                                                      subject to a banking arrangement to be
                  “the EDCF”), for the implementation of the          concluded between the concerned
                   Installation of Digital Telephone Exchanges at     commercial banks of the two countries; and 
                   Chittagong, Khulna, and Sylhet (hereinafter      (5)In the event the Borrower fails to make
                   referred to as “the Project”).                     payment of all or any portion of the
                 (2)The Borrower of the Loan shall be the             principal of the Loan or any other amount
                   Government of the People’s Republic of
                                                                      when due under the Loan Agreement, the
                   Bangladesh, represented by the Ministry of         unpaid amount shall bear an overdue charge
                   Finance.                                           at the rate of two percent (2%) per annum
                 (3)The Loan shall be denominated in Korean           above the interest rate.
                   Won. The amount of the Loan shall not exceed                      Article 3
                   the equivalence of thirty million US dollars   (1)The eligible source country for the
                   (US$30,000,000) and shall be fixed in            procurement of goods and services of foreign
                   accordance with the relevant provisions of a
                                                                    currency portion to be financed out of the
                   loan agreement to be concluded between the       Loan is limited to the Republic of Korea and
                   Borrower and the Bank (hereinafter referred to   the People’s Republic of Bangladesh.
                   as “the Loan Agreement”).                      (2)The suppliers of all goods and services for
                                    Article 2                       the Project shall be selected through limited
                 The terms and conditions of the Loan, as well as   competitive bidding among Korean firms or an
                 the procedures for its utilization will be         association between Korean firms and
                 governed by the Loan Agreement, which will         Bangladesh firms. 
                 contain, inter alia, the following principles:   (3)The goods which contain materials imported
                   (1)The repayment period will be thirty (30)      from countries other than the eligible source
                     years including a grace period of ten (10)     country may be eligible for financing under
                     years;                                         the Loan, if the imported portion comprises
                   (2)The interest rate will be one percent (1.0%)  less than fifty percent (50%) of the contract
                     per annum;                                     price of such goods. A formula for calculating
                   (3)The disbursement period will be forty eight   a ratio of such imported portion will be
                     (48) months from the effective date of the     prescribed in the Loan Agreement.
                     Loan Agreement or such other period as the   (4)The detailed methods and procedures for
                     Borrower and the Bank will agree upon;         procurement shall be governed by the Loan
                   (4)A service charge of one-tenth of one          Agreement.
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