제15746호                           관                보                   2004. 7. 16. (금요일)

          ARRANGEMENT BETWEEN                                            Article 2
  THE GOVERNMENT OF THE REPUBLIC OF                The terms and conditions of the Loan, as well
                 KOREA AND                         as the procedures for its utilization, shall be
  THE GOVERNMENT OF THE REPUBLIC OF
                                                   governed by the Loan Agreement, which shall
                UZBEKISTAN
                                                   contain, inter alia, the following principles:
            CONCERNING A LOAN
      FROM THE ECONOMIC DEVELOPMENT                    (1)The repayment period shall be thirty(30)

            COOPERATION FUND                            years including a grace period of ten(10)

 The Government of the Republic of Korea and            years ;

the    Government     of   the   Republic    of        (2)The     interest    rate   shall   be   two

Uzbekistan(hereinafter referred to as “the              percent(2.0%) per annum ;

Contracting Parties”), in accordance with the          (3)The disbursement period shall be

Agreement between the Government of the                 thirty(30) months from the effective date of

Republic of Korea and the Government of the             the Loan Agreement or such other period as

Republic of Uzbekistan, concerning Loans from           the Borrower and the Bank agree upon;

the Economic Development Cooperation Fund              (4)A service charge of one-tenth of one

signed on July 8, 1999, have agreed as follows:         percent(0.1%) of the amount of each

                    Article 1                           disbursement in case of a direct payment

1. The Government of the Republic of Korea              procedure, or of the amount specified in the

 shall enable the Government of the Republic            letter of commitment in case of a
 of Uzbekistan to obtain a loan(hereinafter             commitment procedure, shall be collected by
 referred to as“the Loan”) from the Export-             the Bank. All banking charges and/or costs
 Import Bank of Korea(hereinafter referred to           for services rendered by banks in connection
 as“the Bank”), the government agency for               with disbursements of the proceeds of the
 the Economic Development Cooperation                   Loan, repayment of principal or payment of
 Fund(hereinafter referred to as the“EDCF”
                                         ),             interest payable to the Bank under the Loan
 for the implementation of the Vocational               Agreement shall be subject to a banking
 Education Development Project(hereinafter              arrangement to be concluded between the
 referred to as“the Project”).                          concerned banks of the two countries ; and
2. The Borrower of the Loan shall be the               (5)In the event the Borrower fails to make
 Government of the Republic of Uzbekistan.              payment of all or any portion of the principal
3. The Loan amount shall be denominated in              of the Loan or any other amount when due
 Korean Won. The amount of the Loan shall               under the Loan Agreement, the unpaid
 not exceed the equivalent of twenty-seven              amount shall bear an overdue charge at the
 million US dollars(US $27,000,000) and shall           rate of two percent(2.0%) per annum above
 be fixed in accordance with the relevant               the interest rate.
 provisions of a loan agreement to be                                    Article 3
 concluded between the Borrower and the            1. The eligible source countries for the
 Bank(hereinafter referred to as“the Loan              procurement of goods and services other than
 Agreement”).                                          consulting services required for the Project

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