3 . OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 4ቃ Year No . 41 ADDIS ABABA - 4th June , 1998 CONTENTS Proclamation No . 115 / 1998 African Development Fund Loan Agreement for Financing Part of the Foreign Exchange Cost of the National Fertilizer Sector Project Ratification Proclamation . . . . . . . . . . . . . . . . . . . . . Page 750 PROCLAMATION NO . 115 / 1998 A PROCLAMATION TO RATIFY THE LOAN AGREEMENT BETWEEN THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AND THE AFRICAN DEVELOPMENT FUND WHEREAS , a Loan Agreement , between the Federal Democratic Republic of Ethiopia and the African Develop ment Fund , stipulating that the African Development Fund provide to the Federal Democratic Republic of Ethiopia a loan amount of UA 28 , 000 , 000 ( twenty eight million Units of Account ) for financing part of the foreign exchange cost of the National Fertilizer Sector Project , was signed in Abidjan , on the 20th day of February , 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 Loan Agreement at its session held on the 4th day of June , NOW , THEREFORE , in accordance with Article 55 sub - Articles ( 1 ) and ( 12 ) of the Constitution , it is hereby proclaimed as follows : 1 . Short Title This Proclamation may be cited as the " African Develop ment Fund Loan Agreement for Financing Part of the Foreign Exchange Cost of the National Fertilizer Sector Project Ratification Proclamation No . 115 / 1998 . " UWWPAỆeicar | LawArchive . com * * * The African Law Archive * * * www . African Negarihg . P . O . BOX 80 , 0011 2 . Definition In this Proclamation " Loan Agreement ” means the Loan Abidjan , on the 20 " day of February , 1998 between the Pederal Democratic Republic of Ethiopia and the African Development Fund . 3 . Power of the Minister of Finance The Minister of Finance is hereby empowered to undertake all acts necessary for the utilization of the loan amount of UA 28 , 000 , 000 ( twenty eight million Units of Account ) in accordance with the terms and conditions set forth in the Loan Agreement . 4 . Effective Date This Proclamation shall come into force as of the 4th day of June 1998 . Done at Addis Ababa , this 4 " day of June , 1998 . PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA www . AfricanLawArchive . com * * * The African Law Archive * * * www . AfricanLawArchive . com