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This document outlines the Loan Agreement between the Government of Georgia and the International Bank for Reconstruction and Development for the Georgia Human Capital Program, which aims to enhance the efficiency and inclusiveness of the human capital delivery system in Georgia, focusing on education, health, and social protection sectors.
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A loan agreement is a formal contract between a borrower and a lender detailing the terms and conditions of a loan, including the amount, interest rate, repayment schedule, and any collateral involved.
Both the borrower and the lender are typically required to file a loan agreement to document the terms and protect their respective interests.
To fill out a loan agreement, include the names of both parties, the loan amount, interest rate, repayment terms, due dates, and signatures of both parties.
The purpose of a loan agreement is to set clear expectations and obligations for both the borrower and lender, thereby reducing the risk of misunderstandings or disputes.
Essential information includes the borrower's and lender's contact information, the loan amount, interest rate, repayment terms, maturity date, and any collateral pledged.
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