WHEREAS, a Loan Agreement between the Federal Democratic Republic of Ethiopia and the Arab Bank for Economic Development in Africa stipulating that the Arab Bank for Economic Development in Africa provide to the Federal Democratic Republic of Ethiopia a loan amount of six million five hundred thousand United States Dollars (USD 6,500,000) for financing the Assosa-Kurmuk Road Project was signed in Khartoum, on the 16th day of November 2005;
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 23rd day of May, 2006;
NOW, THEREFORE, in accordance with Article 55 Sub-Article (1) and (12) of the Constitution it is hereby proclaimed as follows:
