Selanjutnya
AGREEMENT
between
the Government of the Repubtic of Indonesia
acting through its Minister of Finance
and
•
the Austrian Federal Min1istry of Fin!ance
. o,n Financial Cooperation
The Government of the Republic of Indonesia acting through its Minister of
Finance and the Austrian Federal Min,istry of Finance desiring to expand the existing
friend ly relations and to develop th·e economi,c. and technical cooperation between the
two co'u,ntries have agreed on Financial Cooperation as follows:
Article 1:
The
A:ustrian
Federal
Ministry
of
Finance ,
through
Oesterreichische
Kontrollbank Aktiengesellschaft Vi·e nna makes available during, the years 1997 to
1
1
1998 to the Government of the Republic of Indonesia acting through its Minister of
Finance, according to the relevant Austrian Laws an,d R,e gulatio,ns on an exceptiona.l
basis a credit frame drawn from special funds in the amount of
ATS 500,000.0·00,-(Austrian Schil'ling fivehundred mili,ion).
-2-
This credit frame is to be utilized ,e xcfusively for the financing o,f loans to be
g.ranted by Austrian credit i,nstitutions to the appr,o priate Indonesian agency for the
purchase of Austrian capital goods and services.
Goods and services ori,gi1nating
outside Austria may be included up to a percentage of 25 °/o of the contract value.
The loans will be granted ·p rovided that the terms and conditions required
according to the relev,a.n t Austrian Laws and Reg ,u lations are fulfilled by the A ustrian
1
en,te rprise s.
Article 2:
The terms and conditions as well as th.e procedure for the utilization of the
roans are set forth as follows:
a.
M,aturity is 25 years in 36 se.m iannual instalments the first being due 7 ,5
1
years after completion of each: single project or after final deHvery.
b.
Interest rate of 3,5 °/o p.a. , payable semiannually in arrears on the drawn-
dow,n balance of eac·h loan outstanding from time to time.
c..
The procedure for the, utilization of the loans is ｵｳｾｮｧ＠
credit procedure o,p ened by Bank lndon:esia
1
an irrevocable letter of
or any other procedure as
mutuaUy agree·d by the two signing parties of the relevant loan agreements.
-3-
Article 3:
T,he projects to be financed under the 1,oans shaU be agreed 'Upon through an
exchange O·f letters between the Indonesian an.d Austrian appr,o priate agencies.
Article 4:
The inclusion of purchase contracts eltgible for financing within the scope of
the present Agreement shaf.I be effected in a consecutive manner starti.ng from the
signing of the present Agreement unti' Decem 'b er 31st, 1998, at the latest, drawing
into consideratio:n the international obligations ·Of Austria with sp,ecific reference to the
relevant guidelines within the OECO.
Article 5:
AU taxes and other public charges. levied in lnd.onesia in co,nnection with the
c,o nclusion and implementation of the present Agreement are to b,e borne by the
1
Governmen,t of th,e Repu,b lic of Indonesia .
Article 6:
Both signing parties shall, by virtue of their- fegal co,m petence, facilitate the
conclusion and implementation of contracts between
lnd:o nesian, .a nd Austrian
Executing. Agencies which will be con.e luded in implementation . of the pres,e nt
Agre,ement, and shall make every ,e ndeavo,u r to, the extent that all necessary
authorizatio·ns may be obtained from the competent authorities.
-4-
Articre 7:
The provisions of the present Agreement will become effective on the date of
•
•
s1gn.1ng.
0 one at Vienna on the 19th of F,ebruary 1'9 97, in four copies in English , each copy
1
constituting an original.
For the Government of the
For the, A.ustrian Federai
Republic of Indonesia
Ministry of Finan1ce
Signed
Signed
H.,E . Prof. Dr. Sumaryo Suryokusumo
.o,r. Jos,e f Melicher
Ambassador of the R,e public of Indonesia
Deputy Director General
between
the Government of the Repubtic of Indonesia
acting through its Minister of Finance
and
•
the Austrian Federal Min1istry of Fin!ance
. o,n Financial Cooperation
The Government of the Republic of Indonesia acting through its Minister of
Finance and the Austrian Federal Min,istry of Finance desiring to expand the existing
friend ly relations and to develop th·e economi,c. and technical cooperation between the
two co'u,ntries have agreed on Financial Cooperation as follows:
Article 1:
The
A:ustrian
Federal
Ministry
of
Finance ,
through
Oesterreichische
Kontrollbank Aktiengesellschaft Vi·e nna makes available during, the years 1997 to
1
1
1998 to the Government of the Republic of Indonesia acting through its Minister of
Finance, according to the relevant Austrian Laws an,d R,e gulatio,ns on an exceptiona.l
basis a credit frame drawn from special funds in the amount of
ATS 500,000.0·00,-(Austrian Schil'ling fivehundred mili,ion).
-2-
This credit frame is to be utilized ,e xcfusively for the financing o,f loans to be
g.ranted by Austrian credit i,nstitutions to the appr,o priate Indonesian agency for the
purchase of Austrian capital goods and services.
Goods and services ori,gi1nating
outside Austria may be included up to a percentage of 25 °/o of the contract value.
The loans will be granted ·p rovided that the terms and conditions required
according to the relev,a.n t Austrian Laws and Reg ,u lations are fulfilled by the A ustrian
1
en,te rprise s.
Article 2:
The terms and conditions as well as th.e procedure for the utilization of the
roans are set forth as follows:
a.
M,aturity is 25 years in 36 se.m iannual instalments the first being due 7 ,5
1
years after completion of each: single project or after final deHvery.
b.
Interest rate of 3,5 °/o p.a. , payable semiannually in arrears on the drawn-
dow,n balance of eac·h loan outstanding from time to time.
c..
The procedure for the, utilization of the loans is ｵｳｾｮｧ＠
credit procedure o,p ened by Bank lndon:esia
1
an irrevocable letter of
or any other procedure as
mutuaUy agree·d by the two signing parties of the relevant loan agreements.
-3-
Article 3:
T,he projects to be financed under the 1,oans shaU be agreed 'Upon through an
exchange O·f letters between the Indonesian an.d Austrian appr,o priate agencies.
Article 4:
The inclusion of purchase contracts eltgible for financing within the scope of
the present Agreement shaf.I be effected in a consecutive manner starti.ng from the
signing of the present Agreement unti' Decem 'b er 31st, 1998, at the latest, drawing
into consideratio:n the international obligations ·Of Austria with sp,ecific reference to the
relevant guidelines within the OECO.
Article 5:
AU taxes and other public charges. levied in lnd.onesia in co,nnection with the
c,o nclusion and implementation of the present Agreement are to b,e borne by the
1
Governmen,t of th,e Repu,b lic of Indonesia .
Article 6:
Both signing parties shall, by virtue of their- fegal co,m petence, facilitate the
conclusion and implementation of contracts between
lnd:o nesian, .a nd Austrian
Executing. Agencies which will be con.e luded in implementation . of the pres,e nt
Agre,ement, and shall make every ,e ndeavo,u r to, the extent that all necessary
authorizatio·ns may be obtained from the competent authorities.
-4-
Articre 7:
The provisions of the present Agreement will become effective on the date of
•
•
s1gn.1ng.
0 one at Vienna on the 19th of F,ebruary 1'9 97, in four copies in English , each copy
1
constituting an original.
For the Government of the
For the, A.ustrian Federai
Republic of Indonesia
Ministry of Finan1ce
Signed
Signed
H.,E . Prof. Dr. Sumaryo Suryokusumo
.o,r. Jos,e f Melicher
Ambassador of the R,e public of Indonesia
Deputy Director General