借款合同英文版.docVIP

 LOAN AGREEMENT between THE EUROPEAN COMMUNITY as Lender and THE REPUBLIC OF LATVIA as Borrower THE BANK OF LATVIA as Agent to the Borrower EUR 3 100 000 000 _____ January 2009 This Loan Agreement (the Agreement) is made by and between the European Community (hereinafter referred to as the EC or the Lender), represented by the Commission of the European Communities (hereinafter referred to as the Commission), and the Republic of Latvia (hereinafter referred to as Latvia or the Borrower), represented by the Minister of Finance, Mr Atis Slakteris, and the Bank of Latvia acting as Agent on behalf of the Borrower (hereinafter referred to as the Borrowers Agent), represented by the Governor of the Bank of Latvia, Mr Ilmārs Rim?ēvi?s. Preamble Whereas: Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States balances of payments (OJ L 53, 23.2.2002, p. 1) empowered the Commission on behalf of the EC to contract borrowings on the capital markets or with financial institutions with the aim to grant loans to one or more Member States which are experiencing, or threatened with, difficulties in their balance of current payments or capital movements; Latvia has requested medium-term financial assistance; The Council, by its Decision 5255/09 of 20 January 2009 (hereinafter referred to as the Decision) decided to grant Latvia under Regulation (EC) No 332/2002 a loan amounting to a maximum of EUR 3 100 000 000 with a maximum average maturity of seven years. The loan shall be made available in maximum six instalments; The loan is granted in conjunction with a loan from the International Monetary Fund of SDR 1.5 billion (around EUR 1.7 billion) under a Stand-by arrangement approved on 23 December 2008. In addition, the Nordic countries (Sweden, Denmark, Finland, Norway and Estonia) are to contribute EUR 1.9 billion together, the World Bank EUR 0.4 billion, the European Bank for Reconst