OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 1th Year No.12 ADDIS ABABA 2nd November , 2004 CONTENTS Proclamation No. 427/2004 International Development Association Credit Agreement for Financing the Water Supply and Sanitation Project Ratification Proclamation . No. .... Page 2943 PROCLAMATION NO.427 / 2004 A PROCLAMATION TO RATIFY THE CREDIT AGREEMENT BETWEEN THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AND THE INTERNATIONAL DEVELOPMENT ASSOCIATION WHEREAS , a Credit Agreement , between the Federal the Intonation ኤስ.ዲ.ኣር ) | Associations stipulating that the International Development and one hundred thousand Special Drawing Rights ) for Addis Ababa on August 23 , 2004 ; WHEREAS , basic economic international agreements have to be ratified prior to entry into force ; WHEREAS , the House of Peoples ' Representatives day of November , 2004 ; NOW , THEREFORE , in accordance with Article 55 proclaimed as follows : Unit Price The African Law Archive 25 November , 2004 Page . 2944 1. Short Title This Proclamation may be cited as the “ International Development Association Credit Agreement for Financing the Water Supply and Sanitation Project Ratification Proclamation No. 427/2004 . " 2. Definition In this Proclamation “ Credit Agreement ” means the Credit Agreement No. 3901 ET signed between the Federal Democratic Republic of Ethiopia and the International Development Association on August 23 , 3. Power of the Minister of Finance and Economic Development The Minister of Finance and Economic Development is hereby empowered to undertake all acts necessary for the utilization of the Loan amount of 51,100,000 SDR ( fifty one million and one hundred thousand SDR ) in accordance with the terms and conditions set forth in the Credit Agreement 4. Effective Date This Proclamation shall enter into force on the 2nd day of November , 2004 . Done at Addis Ababa , this 2nd day of November , 2004 . PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA * The African Law Archive