제14798호                                 관                보                  2001. 5. 12. (토요일)

              ARRANGEMENT                               governed by the Loan Agreement, which will
                BETWEEN                                 contain, inter alia, the following principles:
THE GOVERNMENT OF THE REPUBLIC OF KOREA
                                                        (1)The repayment period will be thirty(30) years
                   AND
THE GOVERNMENT OF THE REPUBLIC OF HONDURAS                including a grace period of ten(10) years;
       CONCERNING A LOAN FROM                           (2)The interest rate will be two percent(2.0%)
THE ECONOMIC DEVELOPMENT COOPERATION FUND                 per annum;
 The Government of the Republic of Korea and            (3)The disbursement period will be thirty six(36)
the Government of the Republic of Honduras                months from the effective date of the Loan
(hereinafter referred to as “the Contracting              Agreement or such other period as the
Parties”), in accordance with the Agreement               Borrower and the Bank will agree upon;
signed on July 25, 2000 between the Government          (4)A service charge of one-tenth percent(0.1%)
of the Republic of Korea and the Government of            of the amount of each disbursement in case of
the Republic of Honduras concerning the                   a direct payment procedure, or of the amount
extension of loans from the Economic                      specified in the letter of commitment in case
Development Cooperation Fund (hereinafter                 of commitment procedure, shall be collected
referred to as“the EDCF”) of the Government of            by the Bank. All banking charges and/or costs
the Republic of Korea, have agreed as follows:            for services rendered by commercial banks in
                   Article 1                              connection with disbursements of the proceeds
(1)The Government of the Republic of Korea                of the Loan, repayment of principal or
 shall enable the Government of the Republic of           payment of interest payable to the Bank
 Honduras to obtain a loan (hereinafter                   under the Loan Agreement shall be subject to
 referred to as “the Loan ”) from the Export-             a banking arrangement to be concluded
 Import Bank of Korea, the government agency              between the concerned commercial banks of
 for the EDCF (hereinafter referred to as   “the          the two countries; and
 Bank”), for the implementation of Rural Power          (5)In the event the Borrower fails to make
 Distribution Improvement Project (hereinafter            payment of all or any portion of the principal
 referred to as“the Project”
                           ).                             of the Loan or any other amount when due
(2)The Borrower of the Loan shall be the                  under the Loan Agreement, the unpaid amount
 Government of the Republic of Honduras.                  shall bear an overdue charge at the rate of two
(3)The Loan shall be denominated in Korean                percent(2%) per annum above the interest rate
 Won. The amount of the Loan shall not exceed             specified in the Loan Agreement.
 the equivalence of Six Million US dollars                                  Article 3
 (US$6,000,000) and shall be fixed in                   (1)The eligible source country for the
 accordance with the relevant provisions of a             procurement of goods and services other than
 loan agreement to be concluded between the               consulting services required for the Project
 Borrower and the Bank (hereinafter referred to           shall be the Republic of Korea ; provided that
 as“the Loan Agreement”)                                  the procurement from other countries other
                   Article 2                              than the Republic of Korea may be allowed
 The terms and conditions of the Loan, as well            within twenty percent(20%) of the Loan
as the procedures for its utilization will be             amount .

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