제14746호                               관               보                   2001. 3. 9. (금요일)

(2)The Borrower of the Loan shall be the                  the two countries; and
  Government of the Democratic Socialist                (5)In the event the Borrower fails to make
  Republic of Sri Lanka.                                  payment of all or any portion of the
(3)The Loan shall be denominated in Korean                principal of the Loan or any other amount
  Won. The amount of the Loan shall not exceed            when due under the Loan Agreement, the
  the equivalence of Twenty Six Million Six               unpaid amount shall bear an overdue charge
  Hundred Sixty Seven Thousand US Dollars                 at the rate of Two percent (2%) per annum
  (USD 26,667,000) and shall be fixed in                  above the interest rate.
  accordance with the relevant provisions of a                            Article 3
  loan agreement to be concluded between the        (1)The eligible source country for the
  Borrower and the Bank (hereinafter referred to        procurement of goods and services required
  as“the Loan Agreement”).                              for the Project shall be the Republic of Korea
                    Article 2                           and the Democratic Socialist Republic of Sri
  The terms and conditions of the Loan, as well         Lanka.
as the procedures for its utilization will be       (2)The suppliers of goods and services
governed by the Loan Agreement, which will              necessary for the implementation of the
contain, inter alia, the following principles:          Project shall be selected through limited
  (1)The repayment period will be Thirty (30)           competitive contract among suppliers of the
    years including the grace period of Ten (10)        Republic of Korea.
    years;                                          (3)The goods which contain materials imported
  (2)The interest rate will be Two point five           from countries other than the eligible source
    percent (2.5%) per annum;                           country may be eligible for financing under
  (3)The disbursement period will be Forty              the Loan, if the imported portion comprises
    Two(42) months from the effective date of           less than Fifty percent(50%) of the contract
    the Loan Agreement or such other period as          price of such goods. A formula for calculating
    the Borrower and the Bank will agree upon;          the ratio of such imported portion will be
  (4)A service charge of One-tenth of One               prescribed in the Loan Agreement.
    percent (0.1%) of the amount of each            (4)The detailed methods and procedures for
    disbursement in case of a direct payment            procurement shall be governed by the Loan
    procedure, or of the amount specified in the        Agreement.
    letter of commitment in case of commitment                            Article 4
    procedure, shall be collected by the Bank.          In the event the funds available from the
    All banking charges and/or costs for            proceeds of the Loan are insufficient for the full
    services rendered by commercial banks in        implementation of the Project, the Borrower
    connection with disbursements of the            shall promptly make arrangements to provide
    proceeds of the Loan, repayment of principal    such funds as shall be needed.
    or payment of interest payable to the Bank                            Article 5
    under the Loan Agreement shall be subject           The proceeds of the Loan shall be disbursed
    to a banking arrangement to be concluded        by the Bank to the Borrower or, to the Supplier
    between the concerned commercial banks of       on behalf of the Borrower in accordance with the

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