loan-croatia
ID: 922fe2ce-645b-415f-b640-1ed955f5b92f
Start Date: 6/7/2021
Pay Commitment Charge
PaymentRecurringThreshold: 0.25% per annum on the Unwithdrawn Loan Balance
0.0025 * Unwithdrawn Loan Balance⚠️ Breach Detected - Required Actions
- Default provisions apply, potentially leading to suspension of disbursements or acceleration of the loan.
Pay Interest
PaymentRecurringThreshold: Semi-annually on March 15 and September 15
Reference Rate + Variable SpreadRepay Principal
PaymentRecurringThreshold: Semi-annually from March 15, 2026 to March 15, 2036 per Schedule 3
Maintain Project Implementation Unit (PIU)
RestrictiveContinuousThreshold: Maintain PIU with composition, resources, and functions acceptable to the Bank at all times during project implementation.
Adhere to Project Operations Manual (POM)
RestrictiveContinuousThreshold: Carry out the Project in accordance with the POM.
Prohibit unauthorized modification of POM
RestrictiveContinuousThreshold: Do not assign, amend, abrogate or waive the POM in a manner that materially and adversely affects the Project, without Bank approval.
Exclude Prohibited Activities from Sub-projects
RestrictiveContinuousThreshold: Ensure no Excluded Activities are included in any Sub-project.
Limit Sub-loan amount to any individual Beneficiary
FinancialContinuousThreshold: Sum of sub-loans to any individual Beneficiary or group of connected Beneficiaries must not exceed EUR 8.5 million equivalent.
Sum of sub-loans to Beneficiary <= 8500000Implement Project according to Environmental and Social Standards (ESS)
RestrictiveContinuousThreshold: Ensure the Project is carried out in accordance with the Environmental and Social Standards.
Implement Environmental and Social Commitment Plan (ESCP)
RestrictiveContinuousThreshold: Implement all measures and actions specified in the ESCP with due diligence and efficiency.
Report on ESCP Compliance
InformationRecurringThreshold: Furnish regular reports with the frequency specified in the ESCP.
Maintain accessible grievance mechanism
RestrictiveContinuousThreshold: Establish, publicize, maintain and operate an accessible grievance mechanism for Project-affected people.
Submit Project Report
InformationRecurringThreshold: Within 45 days after the end of each calendar semester.
Submit Verification Report for Performance Based Conditions (PBCs)
InformationRecurringThreshold: Within 45 days after the end of each semester.