제18664호                               관              보               2015. 12. 22.(화요일)
    (c) No interest shall accrue for the portion of the Loan covering the consulting services costs,
        in case the consultant is selected from among Korean firms;
    (d) In the event that the Lao Government fails to make payment of all or any portion of the
        principal of the Loan or any other amount due under the Loan Agreements, 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 Agreements;
    (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 Lao People's Democratic Republic for the local currency
        portion; procurement from countries other than the eligible source countries, if any, shall
        be set out in the Loan Agreements;
    (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 limited competitive bidding among Korean
        consulting firms;
    (h) The procurement or consulting contracts shall be concluded within eighteen (18) months
        from the effective date of each Loan Agreement;
    (i) Details of the methods and procedures for the procurement shall be governed by the Loan
        Agreements; and
    (j) All taxes, customs duties and other fiscal charges imposed in the Lao People's
        Democratic Republic on goods and services provided by the suppliers for the
        implementation of the projects under the Loan Agreements shall either be exempted or
        borne by the Lao Government.
2. The revision of any principle stated in paragraph 1 of Article 3 may be made with the
mutual 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 Lao Government shall take responsibility to provide such funds as shall be needed.
                                                Article 5
    The Loans shall be disbursed by the Bank to the Lao Government, or to the suppliers and/or
consultants on behalf of the Lao Government, in accordance with the disbursement procedures
under the Loan Agreements.
                                                Article 6
1. The Lao Government shall permit the Bank to maintain an EDCF office in the Lao People's
Democratic Republic (hereinafter referred to as the "Office") and shall allow Resident
Representatives (hereinafter referred to as the "Representatives") and the EDCF staff (hereinafter
referred to as the "Staff") to be dispatched from the Republic of Korea to discharge their duties
in connection with the Loans under this Arrangement.
2. The Lao Government shall accord the Representatives, Staff and their families as well as the
Office the following privileges, exemptions and benefits:
    (a) For the Representatives, Staff and their families:
        (i) exemption from income tax and other charges imposed on or in connection with
            any emoluments or allowances remitted from overseas;
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