Uvod
LD 2009 ADD 1 (2025)
FRAMEWORK LOAN AGREEMENT
between
COUNCIL OF EUROPE DEVELOPMENT BANK
and
REPUBLIC OF SERBIA
TIRŠOVA 2 UNIVERSITY CHILDREN'S HOSPITAL
– Project Loan –
TABLE OF CONTENTS
1. INTERPRETATION ......................................................................................................... 5
1.1 DEFINITIONS .............................................................................................................. 5 1.2 CONSTRUCTION ......................................................................................................... 8 1.3 HEADINGS ................................................................................................................. 8 1.4 ROUNDING ................................................................................................................ 8
2. CONDITIONS ................................................................................................................. 9
3. PURPOSE ...................................................................................................................... 9
4. FINANCIAL CONDITIONS.............................................................................................. 9
4.1 LOAN AMOUNT ........................................................................................................... 9 4.2 DISBURSEMENT AMOUNT ........................................................................................... 9 4.3 DISBURSEMENT PROCEDURE...................................................................................... 9 4.4 DISBURSEMENT PERIOD ........................................................................................... 10 4.5 DISBURSEMENT CONDITIONS .................................................................................... 10 4.6 REPAYMENT ............................................................................................................ 11 4.7 PREPAYMENT .......................................................................................................... 11 4.8 INTEREST DETERMINATION ....................................................................................... 12 4.9 DEFAULT INTEREST RATE ......................................................................................... 12 4.10 MARKET DISRUPTION EVENT .................................................................................... 12 4.11 PAYMENTS .............................................................................................................. 14
5. PROJECT IMPLEMENTATION .................................................................................... 14
5.1 DUTY OF CARE ........................................................................................................ 14 5.2 ALLOCATION PERIOD ................................................................................................ 14 5.3 PROJECT COSTS ..................................................................................................... 15 5.4 PROJECT SPECIFIC UNDERTAKINGS .......................................................................... 15 5.5 PROCUREMENT........................................................................................................ 15 5.6 ENVIRONMENTAL AND SOCIAL SAFEGUARDS ............................................................. 15 5.7 HUMAN RIGHTS ....................................................................................................... 15 5.8 INTEGRITY ............................................................................................................... 15 5.9 VISIBILITY ................................................................................................................ 16
6. MONITORING ............................................................................................................... 17
6.1 REPORTING ............................................................................................................. 17 6.2 VISITS ..................................................................................................................... 17 6.3 AUDIT ..................................................................................................................... 17 6.4 PROJECT INFORMATION ........................................................................................... 17 6.5 BORROWER INFORMATION ........................................................................................ 18 6.6 FINANCIAL COVENANTS ............................................................................................ 18
7. PARI PASSU ................................................................................................................ 18
7.1 RANKING ................................................................................................................. 18 7.2 SECURITY ................................................................................................................ 19 7.3 CLAUSE BY INCLUSION ............................................................................................. 19 7.4 PREPAYMENT TO THIRD PARTIES .............................................................................. 19
8. REPRESENTATIONS AND WARRANTIES ................................................................. 20
9. THIRD PARTIES ........................................................................................................... 21
10. NON-WAIVER ........................................................................................................... 21
11. TRANSFER ............................................................................................................... 21
12. ILLEGALITY.............................................................................................................. 21
13. NO HARDSHIP ......................................................................................................... 21
14. GOVERNING LAW .................................................................................................... 21
15. DISPUTES ................................................................................................................ 22
16. DATA PROTECTION ................................................................................................ 22
17. NOTICES .................................................................................................................. 22
18. TAXES AND EXPENSES .......................................................................................... 23
19. DISCHARGE ............................................................................................................. 24
20. ENTRY INTO FORCE ............................................................................................... 24
APPENDIX 1 ........................................................................................................................ 26
APPENDIX 2 ........................................................................................................................ 29
APPENDIX 3 ........................................................................................................................ 31
APPENDIX 4 ........................................................................................................................ 33
APPENDIX 5 ........................................................................................................................ 34 COUNCIL OF EUROPE DEVELOPMENT BANK, international organisation with its headquarters at 55, avenue Kléber, 75116 Paris (France) (hereinafter, the “CEB” or the “Bank”), on the one hand,
and
The REPUBLIC OF SERBIA, (hereinafter, the “Borrower” and together with the CEB, the “Parties” and each a “Party”), on the other hand,
WHEREAS
(A) Having regard to the Framework Loan Agreement between the Parties dated 20 November 2019 with reference LD 2009 (2019) (the "Original Agreement") under which the CEB agreed to make available to the Borrower a loan in the amount of up to EUR 54,000,000 (the "Initial Loan"),
(B) Having regard to the loan application submitted by the Republic of Serbia through its Ministry of Finance on 7th August 2025, whereby the Borrower requested to increase the amount of the Initial Loan by fifty million Euros (EUR 50,000,000), for the partial financing of the Tiršova University Children's Hospital,
(C) Having regard to the CEB’s Administrative Council approval on 1 October 2025 of the said loan application, increasing the amount of Initial Loan by fifty million Euros (EUR 50,000,000) for the partial financing of the Tiršova University Children's Hospital with reference LD 2009 ADD 1 (2025),
(D) Having regard to the Third Protocol dated 6 March 1959 to the General Agreement on Privileges and Immunities of the Council of Europe dated 2 September 1949,
(E) Having regard to the CEB’s Loan Regulations, as adopted by the CEB’s Administrative Council Resolution 1587 (2016) (hereinafter, the “Loan
Regulations”),
(F) Having regard to the CEB’s Loan and Project Financing Policy, as adopted by the CEB’s Administrative Council Resolution 1646 (2022) (hereinafter, the
“Loan Policy”),
(G) Having regard to the CEB’s Environmental and Social Safeguards Policy, as adopted by the CEB’s Administrative Council Resolution 1588 (2016)
(hereinafter, the “Environmental and Social Safeguards Policy”),
(H) Having regard to the CEB’s Procurement Guidelines, as adopted by the CEB’s Administrative Council in September 2011 (hereinafter, the
“Procurement Guidelines”),
(I) Having regard to the CEB’s Data Protection Regulation, as adopted by the CEB’s Administrative Council Resolution 1639 (2022) (hereinafter, the “Data
Protection Regulation”),
(J) Having regard to the CEB’s Anti-Corruption Charter, as adopted by the CEB’s Administrative Council Resolution 1628 (2021), and (K) Having regard to the CEB’s Policy on Non-compliant/Uncooperative Jurisdictions, as adopted by the CEB’s Administrative Council Resolution 1630 (2021),
HEREBY AGREE AS FOLLOWS: