Proclamation No. 140/1998

International Development Association Credit Agreement for partly financing the Agricultural Research and Training Project Ratification Proclamation

WHEREAS, a Credit Agreement, between the Federal Democratic Republic of Ethiopia and the International Development Association stipulating that the International Development Association provide to the Federal Democratic Republic of Ethiopia a Credit amount of SDR 44,500,000 (forty four million five hundred thousand Special Drawing Rights) for partly financing the Agricultural Research and Training Project, was signed in Washington DC, on the 7th day of August, 1998;

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 Credit Agreement at its session held on the 8th day of December 1998;

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 “International Development Association Credit Agreement for Partly Financing the Agricultural Research and Training project Ratification Proclamation No. 140/1998.”

2. Definition

In this Proclamation “Credit Agreement” means the Credit Agreement NO. 3092 signed in Washington DC, on the 7th day of August, 1998 between the Federal Democratic Republic of Ethiopia and the International Development Association.

3. Power of the Minister of Finance

The Minister of Finance is hereby empowered to undertake all acts necessary for the utilization of the credit amount of SDR 44,500,000 (forty four million five hundred thousand Special Drawing Rights) in accordance with the terms and conditions set forth in the Credit Agreement.

4. Effective Date

This Proclamation shall enter into force as of the 8th day of December, 1998.

Done at Addis Ababa, this 8th day of December, 1998.

NEGASO GIDADA (DR.)

PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA