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 180,200,000 (one hundred eighty million two hundred thousand Special Drawing Rights) for Financing Emergency Rcovery Project, was signed in Washington D.C on the 21st day of December 2000;
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 16th day of January, 2001;
NOW, THERFORE, in accordance with Sub-Articles (1) and (12) of Article 55 the Constitution, it is hereby proclaimed as follows: