OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 4 Year No . 54 ADDIS ABABA - 30th June , 1998 CONTENTS Proclamation No . 124 / 1998 International Development Association Credit Agreement for Partly Financing the Education Sector Development Program Ratification Proclamation . . . . . . . . . . . . . . . . . . . . . . . . Page 796 PROCLAMATION NO . 124 / 1998 A PROCLAMATION TO RATIFY THE CREDIT AGREEMENT BETWEEN THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AND THE INTERNATIONAL DEVELOPMENT ASSOCIATION WHEREAS , a Development Credit Agreement , between the Federal Democratic Republic of Ethiopia and the Inter national Development Association stipulating that the Intr national Development Association provide to the Federal De mocratic Republic of Ethiopia a Credit amount of SDR 74 , 300 , 000 ( seventy four million three hundred thousand Special Drawing Rights ) for partly financing the Education Sector Development Program , was signed in Washington D . C , on the 4th day of June , 1998 ; 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 Agrement at its session held on the 30 ' h day of June , 1998 ; NOW , THEREFORE , in accordance with Article 55 sub Articles ( 1 ) and ( 12 ) of the Constitution , it is hereby proclaimed as follows : Unit Price 2 . 30 WWW . AfricanLawArchive . com * * * The African Law Archive * * * Www . AfricanLawArchive . com 1 . Short Title This Proclamation may be cited as the " International Development Association Credit Agreement for partly Financing the Education Sector Development Program Ratification proclamation No . 124 / 1998 . ” 2 . Definition In this proclamaiton “ Crdit Agreement ” Means the Credit Agreement No . 3077 ET . signed in Wahsington DC on the 4th day of June , 1998 between the Federal Democratic Republic of Ethiopia and the International Development Association . 3 . Power of the Minister of Finance The Minister of Finance is hereby empowered to undertake all acts necessary for the utilization of the credit amount of SDR 74 , 300 , 000 ( seventy four million three hundred thousand Special Drawing Rights ) in accordance with the terms and conditions set forth in the Credit Agreement . This Proclamation shall come into force as of the 30th day of June , 1998 . Done at Addis Ababa , this 30 ' day of June , 1998 . PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA www . AfricanLawArchive . com * * * The African Law Archive * * * www . AfricanLawArchive . com