Decree on the Management of Lending and Guarantees
关于借贷和担保管理的政令
ດຳລັດວ່າດ້ວຍ ການຄຸ້ມຄອງ ການກູ້ຢືມ ແລະ ການຄ້ຳປະກັນ
Summary
This decree governs direct borrowing, on-lending, and guarantee management within Laos, with the core being to regulate principles and indicators for public debt strategy formulation, borrowing limits, and guarantee fee collection.
Articles
Article ມາດຕາ 1
Article 2 Management of Borrowing and Guarantee
Management of borrowing and guarantee is the organization and implementation of principles, regulations and measures concerning direct borrowing, on-lending and guarantee of borrowing.
Article ມາດຕາ 2
Article 2 Interpretation of Terms
The terms used in this Decree have the following meanings:
1. Legal opinion means a legal document issued by the Ministry of Justice after the signing of a direct loan agreement between the Government and the lender;
2. Guaranteed person means a state enterprise that implements priority investment programs or projects or those in the national socio-economic development plan and has a definite source of budget for repayment, or a state enterprise or enterprise entrusted to implement state investment in the form of public-private partnership;
3. Borrowing ceiling means the maximum total borrowing amount in each year approved by the Government based on the public debt ratio approved by the National Assembly;
4. Guarantee fee means the risk management fee received by the Ministry of Finance from issuing a guarantee letter.
Article ມາດຕາ 3
Article 4 Scope of Application of the Decree
This Decree applies to individuals, legal entities and organizations, both domestic and foreign, that operate and are involved in the management of direct borrowing, on-lending and guarantee of borrowing in the Lao PDR.
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