WHEREAS, a Loan Agreement between The Federal Democratic Republic of Ethiopia and the African Development Bank stipulating that the African Development Bank provide to the Federal Democratic Republic of Ethiopia a Loan Amount of U.A. 19,590,000 (Nineteen Million Eight Hundred Ninety Thousand Units of Account) for financing the Harar Water Supply and Sanitation Project was signed in Abidjan, on the 8thday of November, 2002;
WHEREAS, basic economic international agreements have to be ratified prior to enter in to 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 22nd day of May, 2003;
NOW, THEREFORE, in accordance with Article 55 Sub-Article (1) and (12) of the Constitution it is hereby proclaimed as follows.