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THAILAND
UNITED STATES INTERNATIONAL DEVELOPMENT COOPERATION AGENCY
AGENCY FOR INTERNATIONAL DEVELOPMENT
WASHINGTON DC 2O23
PROJECT AUTHORIZATION
Northeast Rainfed
Agricultural Development
Project No. 493-0308
Pursuant to Section 103 of the Foreign Assistance Act of 1961, as amended
(the "FAA"), I hereby authorize the Northeast Rainfed Agricultural Development
Project (the "Project") for Thailand (the "Cooperating Country"), involving
planned obligations of not to exceed Six Million Three Hundred Thousand
United States Dollars ($6,300,000) in loan funds (the "Loan") and Three
Million Seven Hundred Thousand United States Dollars ($3,700,000) in grant
funds (the "Grant") over a five-year period from date of authorization,
subject to the availability of funds in accordance with the A.I.D. OYB/
allotment process, to help in financing foreign exchange and local currency
costs for the Project.
The Project will establish in representative tambons of Northeast Thailand
a replicable agricultural development program for increasing farm productivity
and farm income, particularly among lower income farmers in the
rainfed agricultural zones. It will be necessary in such rainfed areas to
adopt a multi-intervention approach, including planning, research and
demonstration, appropriate and varied farming practices, extension, and
development of available water resources.
A.I.D. funds will assist
principally in providing technical assistance, training for farmers and
extension personnel; intensified Cooperating Country support in the target
areas; required construction and equipment purchases; and water resources
development, land/soil modifications, surveys, mapping, research and demonstrations.
The Project Agreement, which may be negotiated and executed by the officer
to whom such authority is delegated in accordance with A.I.D. regulations
and Delegations of Authority, shall be subject to the following essential
terms and covenants and major conditions, together with such other terms
and conditions as A.I.D. may deem appropriate.
a. Interest Rate and Terms of Payment
The Cooperating Country shall repay the Loan to A.I.D. in United
States Dollars within forty (40) years from the date of first disbursement
of the Loan, including a grace period of not to exceed ten (10) years. The
Cooperating Country shall pay to A.I.D., in United States Dollars, interest
from the date of first disbursement of the Loan at the rate of (i) two