WHEREAS, a Credit Agreement, between the FederalDemocratic 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 3,900,000 (three million nine hundred thousand Special Drawing Rights) for financing the Distance Learning Project was signed in Washington D.C. on the 1st day of May, 2001;

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 28th day of June, 2001;

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