WHEREAS, the House of Peoples' Representatives of the Federal Democratic Republic of Ethiopia has ratified said Loan Agreement at its session held on the 7th day of July, 1996;
NOW, THEREFORE, in accordance with Article 55 sub-Articles (1) and (12) of the Constitution, it is hereby proclaimed as follows:
- Short Title This Proclamation may be cited as the "International Development Association Loan Agreement for financing the Ethiopian Social Rehabilitation and Development Fund Project Ratification Proclamation No. 45/1996."
- Definition In this Proclamation "Loan Agreement" means the Loan Agreement No. 2841 ET signed in Washington D.C. on the 15th day of May, 1996 between the Federal Democratic Republic of Ethiopia and the International Development Association.
- Power of the Minister of Finance The Minister of Finance is hereby empowered to undertake all acts necessary for the utilization of the loan amount of eighty million eight hundred thousand Special Drawing Rights (SDR 80,800,000) in accordance with the terms and conditions set forth in the Loan Agreement.
- Effective Date