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loan-croatia

ID: 922fe2ce-645b-415f-b640-1ed955f5b92f

Start Date: 6/7/2021

Pay Commitment Charge

PaymentRecurring

Threshold: 0.25% per annum on the Unwithdrawn Loan Balance

0.0025 * Unwithdrawn Loan Balance

⚠️ Breach Detected - Required Actions

  1. Default provisions apply, potentially leading to suspension of disbursements or acceleration of the loan.

Pay Interest

PaymentRecurring

Threshold: Semi-annually on March 15 and September 15

Reference Rate + Variable Spread

Repay Principal

PaymentRecurring

Threshold: Semi-annually from March 15, 2026 to March 15, 2036 per Schedule 3

Maintain Project Implementation Unit (PIU)

RestrictiveContinuous

Threshold: Maintain PIU with composition, resources, and functions acceptable to the Bank at all times during project implementation.

Adhere to Project Operations Manual (POM)

RestrictiveContinuous

Threshold: Carry out the Project in accordance with the POM.

Prohibit unauthorized modification of POM

RestrictiveContinuous

Threshold: 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

RestrictiveContinuous

Threshold: Ensure no Excluded Activities are included in any Sub-project.

Limit Sub-loan amount to any individual Beneficiary

FinancialContinuous

Threshold: 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 <= 8500000
Current Value:--

Implement Project according to Environmental and Social Standards (ESS)

RestrictiveContinuous

Threshold: Ensure the Project is carried out in accordance with the Environmental and Social Standards.

Implement Environmental and Social Commitment Plan (ESCP)

RestrictiveContinuous

Threshold: Implement all measures and actions specified in the ESCP with due diligence and efficiency.

Report on ESCP Compliance

InformationRecurring

Threshold: Furnish regular reports with the frequency specified in the ESCP.

Maintain accessible grievance mechanism

RestrictiveContinuous

Threshold: Establish, publicize, maintain and operate an accessible grievance mechanism for Project-affected people.

Submit Project Report

InformationRecurring

Threshold: Within 45 days after the end of each calendar semester.

Submit Verification Report for Performance Based Conditions (PBCs)

InformationRecurring

Threshold: Within 45 days after the end of each semester.