Thursday, March 4, 2021

agence Franciase De Development (AFD) Credit Facility Agreement for financing of the National Load Dispatch Center Project Ratification Proclamation No. 991/2016

 

PROCLAMATION  No. 991/2016

A PROCLAMATION TO RATIFY THE CREDIT FACILITY AGREEMENT BETWEEN THE GOVERNMENT THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AND AGENCE FRANCAISE DE DEVELOPMENT (AFD)

WHEREAS, a Credit facility Agreement between the Government of  the Federal Democratic Republic of Ethiopia and the Agence Franciase De Development (AFD) stipulates to the Government of the Federal Democratic Republic of Ethiopia a Credit Facility in an amount of 40,000,000 EURO (forty million EURO) for financing the National Load Dispatch Center Project was signed in Addis Ababa on 28th day of July, 2006;

 

WHEREAS, the House of peoples’ Representatives of the Federal Democratic Republic of Ethiopia has ratified said Credit Facility Agreement at its session held on 27th the day of 2016.

NOW, THEREFORE, in accordance with Article 55 (1) and (12) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby  proclaimed as follows:

1.     Short Title

 

This Proclamation may be cited as the “agence  Franciase De Development (AFD) Credit Facility Agreement for financing of the National Load Dispatch Center Project Ratification Proclamation No. 991/2016.”

2.   Ratification of the Agreement

 

    The Credit Facility Agreement Number 104801 W signed in Addis Ababa on the 28th day of July, 2016 between the Government of the Federal  Democratic Republic of Ethiopia and the Agence Franciase  De Development (AFD) is hereby ratified.

3.   Power of the Ministry of Finance and Economic Cooperation

 

The Ministry of Finance and Economic Cooperation is hereby empowered to undertake all acts necessary for the utilization of the credit facility among amount of 40,000,000 EURO (forty million EURO)  in accordance with the terms and conditions set forth in Credit Facility Agreement.

4. Effective Date

 

 

This Proclamation shall enter into force on the date of publication in the Federal Negarit Gazette.

 

Done of Addis Ababa, this 27th day of January,2016

 

 

MULATU  TECHOME (DR.)

 

 

   PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA

 

No comments:

Post a Comment