WHEREAS, a Credit Line Agreement, between the Government of the Federal Democratic Republic of Ethiopia and the Export-Import Bank of India stipulating that the Export-Import Bank of India provide to the Federal Democratic Republic of Ethiopia additional credit amounting to 47,000,000 USD (Forty Seven Million United States Dollars) for financing projects for the development of sugar industry was signed in New Delhi on the 12th day of April 2012;

WHEREAS, the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has ratified said Credit Agreement at its session held on the 28th day of June 2012;

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