제18807호                               관              보                2016. 7. 21.(목요일)
otherwise agreed by the two Governments:
    (a) The borrower of the Loan shall be the Sri Lankan Government. In case the Loan is
        extended to local governments or public enterprises, the guarantor shall be the Sri Lankan
        Government;
    (b) The repayment terms and the interest rate shall be specified in the Loan Agreement for
        the individual project;
    (c) No interest shall accrue for the Loan covering the consulting services costs, in cases
        where the consultant is selected from among the Korean firms;
    (d) In the event that the Sri Lankan Government fails to make payment of all or any portion
        of the principal of the Loan or any other amount due under each Loan Agreement, the
        unpaid amount shall bear an overdue charge at the rate of two percent (2%) per annum
        in addition to the interest rate specified in the Loan Agreement;
    (e) The eligible source countries for the procurement of goods and services, including
        consulting services, to be financed out of the Loan shall be the Republic of Korea for the
        foreign currency portion and the Democratic Socialist Republic of Sri Lanka for the local
        currency portion; procurement from countries other than the eligible source countries, if
        any,       shall        be       set       out      in      the     Loan        Agreement;
    (f) The suppliers of the goods and services necessary for the implementation of the project
        shall be selected through competitive bidding among Korean firms;
    (g) The consultants shall be employed through competitive bidding among Korean consulting
        firms;
    (h) The procurement or consulting contracts shall be concluded within eighteen (18) months
        from the effective date of the Loan Agreement;
    (i) Details of the methods and procedures for the procurement shall be governed by the Loan
        Agreement; and
    (j) All import tariff and VAT imposed in the Democratic Socialist Republic of Sri Lanka on
        goods and services, including consulting services, provided by the suppliers and
        consultants for the implementation of the project under the Loan Agreement shall either
        be exempted or borne by the Sri Lankan Government.
2. The revision of any principle stated in paragraph 1 above may be made with the mutual
written consent of the two Governments, and shall be set out in the Loan Agreements.
                                                Article 4
    Should the Loan allocated to a project be insufficient for the implementation of the project,
the Sri Lankan Government shall take responsibility to provide such funds as shall be needed.
                                                Article 5
    The Loans shall be disbursed by the Bank to the Sri Lankan Government, or to the suppliers
and/or consultants on behalf of the Sri Lankan Government, in accordance with the disbursement
procedures under the Loan Agreements.
                                                Article 6
1. The Sri Lankan Government shall permit the Bank to register and maintain an EDCF office
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