관             보
                        제15221호                                                               2002.10.12. (토요일)
                     Jos Antonio Salda a (hereinafter referred to as      by the Bank. All banking charges and/or
                    “the Project”).
                                                                          costs for services rendered by commercial
                  2. The Borrower of the Loan shall be the
                                                                          banks in connection with disbursements of
                     Government of the Republic of El Salvador.
                                                                          the proceeds of the Loan, repayment of
                  3. The Loan shall be denominated in Korean
                                                                          principal or payment of interest payable to
                     Won. The amount of the Loan shall not exceed
                                                                          the Bank under the Loan Agreement shall be
                     two billion two hundred and ninety seven
                                                                          governed by a banking arrangement to be
                     million Korean Won (￦2,297,000,000),
                                                                          concluded between the concerned
                     equivalent to one million nine hundred
                                                                          commercial banks of the two countries; 
                     thousand US dollars (US$ 1,900,000). The
                                                                        (5)In the event the Borrower fails to make
                     exchange rate applied to fix the Loan amount
                                                                          payment of all or any portion of the
                     is the average of the telegraphic transfer
                                                                          principal of the Loan or any other amount
                     selling rates of the Korean Won against the
                                                                          when due under the Loan Agreement, the
                     US dollar, as quoted and publicly displayed by
                                                                          unpaid amount shall bear an overdue charge
                     the Bank, during the one month period from
                                                                          at the rate of two percent (2%) per annum
                     the first day to the last day of the calendar
                                                                          above the interest rate specified in the Loan
                     month prior to the month when this
                                                                          Agreement; and 
                     Arrangement is signed.
                                                                        (6)If the procurement of goods or services to
                                       Article 2
                                                                          be financed out of the proceeds of the Loan
                  The terms and conditions of the Loan, as well as
                                                                          has not been carried out within eighteen
                  the procedures for its utilization, shall be
                                                                          (18) months after the effective date of the
                  governed by a loan agreement to be concluded
                                                                          Loan Agreement, the Pledge for the Project
                  between the Borrower and the Bank (hereinafter 
                                                                          issued by the Government of the Republic of
                  referred to as “the Loan Agreement”), which
                                                                          Korea shall be invalid.
                  shall contain, inter alia, the following principles:
                                                                                          Article 3
                     (1)The repayment period shall be twenty-five
                                                                      1. The eligible source countries for the
                       (25) years including a grace period of seven
                                                                        procurement of goods and services required
                       (7) years; 
                                                                        for the Project shall be the Republic of Korea
                     (2)The interest rate shall be two point five
                                                                        and the Republic of El Salvador. Procurement
                       percent (2.5%) per annum;
                                                                        from any third country may be allowed within
                     (3)The disbursement period shall be twenty-
                                                                        ten percent (10%) of the total cost of the
                       four (24) months from the effective date of
                                                                        medical equipment procurement for the
                       the Loan Agreement or such other period as
                                                                        Project.
                       the Borrower and the Bank agree upon;
                                                                      2. The suppliers of the goods and services
                     (4)A service charge of one-tenth of one
                                                                        necessary for the implementation of the
                       percent (0.1%) of the amount specified in
                                                                        Project shall be selected through limited
                                                                        international bidding among Korean suppliers.
                       the letter of commitment shall be collected
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