Advertisements
//
you're reading...
2000, Legislation

PROCLAMATION NO. 203 /2000 LOAN AGREEMENT BETWEEN THE FEDERAL DEMOCRATIC REPUBLIS OF EITHIOPIA AND THE OPEC FUND


PROCLAMATION NO. 203 /2000

A PROCLAMATION TO RATIFY THE LOAN AGREEMENT

BETWEEN THE FEDERAL DEMOCRATIC REPUBLIS

OF EITHIOPIA AND THE OPEC FUND FOR

INTERNATIONAL DEVELOPMENT

WHEREAS, a Loan Agreement, between the Federal Democratic Republic of Ethiopia and the OPEC Fund for International Development stipulating that the OPEC Fund for International Development shall provide to the Federal Democratic Republic of Ethiopia a loan amount of USD 10,000,000 (ten million United States Dollars) for financing the Mekenago-Nejo Road Project, was signed in Addis Ababa on the 21st day of December, 1999.

WHEREAS, basic economic international agreements have to be ratified prior to entry into force;

WHEREAS, the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has ratified said loan Agreement at its session held on the 6th day of June, 2000;

NOW, THEREFORE, in accordance with Article 55 Sub-Articles (1) and (12) of the Constitution, it is hereby proclaimed as follows;

1. Short Title

This Proclamation may be cited as the “OPEC Fund for International Develop- ment Loan Agreement for financing the Mekenajo-Nejo Road Project Ratification Proclamation No. 203/2000.”

 

  1. Definition

In this Proclamation “Loan Agreement” means the Loan Agreement No. 775P signed in Addis Ababa on the 21st day of December, 1999, between the Federal Democratic Republic of Ethiopia and the OPEC Fund for International Development.

  1. POWER OF THE MINSTER OF FINANCE

The Minister of Finance is hereby empowered to undertake all acts necessary for the utilization of the loan amount of USD 10,000,000 ten million United States Dollars in accordance with the terms and conditions set forth in the Loan Agreement.

  1. EFFECTIVE DATE

This Proclamation shall enter into force on the 6th day of June 2000.

Done at Addis Ababa, this 6th day of June 2000.

NEGASSO GIDADA (DR.)

PRESIDENT OF THE FEDERAL

DEMOCRATIC REPUBLIC OF ETHIOPIA

Advertisements

About Abrham Yohannes

Abrham Yohannes Hailu Licensed Lawyer & Consultant

Discussion

One thought on “PROCLAMATION NO. 203 /2000 LOAN AGREEMENT BETWEEN THE FEDERAL DEMOCRATIC REPUBLIS OF EITHIOPIA AND THE OPEC FUND

  1. you are not honest why hide proclamation No 602/2008? be sincere please.

    Like

    Posted by gashaw | January 7, 2017, 6:14 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisements

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 12,012 other followers

Follow Ethiopian Legal Brief on WordPress.com
%d bloggers like this: