제18036호                               관             보                2013. 6. 13.(목요일)
2. With regard to implementation of this Arrangement, the Government of Bangladesh shall be
represented by the Ministry of Finance of the People's Republic of Bangladesh.
                                              Article 2
    An EDCF loan for each individual project (hereinafter referred to as the "Loan") shall be
extended to the Government of Bangladesh in accordance with the following procedures:
    (a) The Korean Government and the Government of Bangladesh shall identify potential
        projects in close collaboration with each other, and the Government of Bangladesh shall
        submit a list of prospective projects to be financed under this Arrangement to the Korean
        Government;
    (b) The Government of Bangladesh shall request the Korean Government, through diplomatic
        channels, to extend the Loan for each individual project;
    (c) In case the Korean Government decides to extend a Loan for the requested project after
        appraisal of the EDCF project, it shall inform the Government of Bangladesh of its
        decision through diplomatic channels; and
    (d) Details of each individual project and the Loan amount for the project shall be set out in
        and made available through a loan agreement (hereinafter referred to as the "Loan
        Agreement") to be concluded between the Export-Import Bank of Korea (hereinafter
        referred to as the "Bank") and the Government of Bangladesh.
                                              Article 3
1. The terms and conditions for each individual project shall be specified in each Loan
Agreement to the extent consistent with the Agreement and the provisions of this Arrangement.
Each Loan Agreement shall contain, inter alia, the following principles, unless otherwise agreed
upon by the two Governments:
    (a) The guarantor of the Loan shall be the Government of Bangladesh;
    (b) The repayment period shall be forty (40) years, including a fifteen (15) year grace period,
        and the interest rate shall be one one-hundredth of one percent (0.01%) per annum. Such
        terms and conditions may be changed in due consideration of the characteristics of
        individual projects and in accordance with the regulations and guidelines of the Republic
        of Korea;
    (c) No interest shall accrue for the Loan covering the consulting services costs, in case the
        consultant is selected from among the Korean firms;
    (d) In the event that the Government of Bangladesh fails to make payment of all or any
        portion of the principal of the 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 %) 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 People's Republic of Bangladesh for the local currency
                                                  6