제19502호                                 관              보              2019. 5. 15.(수요일)
     (d) in the event the borrower fails to make payment of all or any portion of the principal of
           the EDCF Loan or any other amount 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
           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 EDCF Loan, shall be the Republic of Korea
        for the foreign currency portion and the Islamic Republic of Pakistan 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, including consulting services, necessary for the
        implementation of the projects, shall be selected from among Korean firms;
     (g) the procurement and/or consulting contracts shall be concluded within eighteen (18)
        months from the effective date of the Loan Agreement; and
     (h) the detailed methods and procedures for the procurement shall be governed by the Loan
        Agreement.
2.   The revision of any terms stated in paragraph 1 of this Article may be made with the
mutual consent of the Parties, and shall be set out in the Loan Agreement.
                                                Article 4
     In case the EDCF Loan allocated to a project is insufficient for the implementation of the
project, the Pakistani Government shall take responsibility to provide such funds as needed for
the implementation of the project.
                                                Article 5
     The EDCF Loans shall be disbursed by the Bank to the Pakistani Government, or to the
suppliers and/or consultants on behalf of the Pakistani Government, in accordance with the
disbursement procedures under the Loan Agreements.
                                                Article 6
     Notwithstanding the provisions above, EDCF Loans in amounts less than seven million US
dollars (US$7,000,000) shall be implemented as stipulated in the Annex to this Arrangement. The
Annex shall form an integral part of this Arrangement.
                                                Article 7
     The Parties mutually agree to further negotiate the specific terms and conditions of the Loan
Agreements in line with this Arrangement.
                                                Article 8
     This Arrangement may be amended or modified through mutual written consent of the
Parties.
                                                Article 9
     All differences or disputes arising from or concerning with the application or interpretation of
this Arrangement shall be amicably settled through mutual consultation between the Parties.
                                               Article 10
1.   This Arrangement shall enter into force on the date of its signature and shall remain in force
until the Parties have performed all the obligations under each of the Loan Agreements.

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