FEDERAL OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 9 Year No. 23 ADDIS ABABA - 164 January , 2003 CONTENTS Proclamation No. 310/2003 OPEC Fund for International Development Loan Agreement for financing the Metu - Gore Road Project Ratification Proclamation Page 2041 PROCLAMATION NO . 310/2003 A PROCLAMATION TO RATIFY THE LOAN AGREEMENT BETWEENTHE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AND THE OPEC FUND FOR INTERNATIONAL DEVELOPMENT WHEREAS , a Loan Agreement between the Federal De mocratic Republic of Ethiopia and the OPEC Fund for International hundred thousand United States Dollars ) for financing the Metu Gore Road Project , was signed in Vienna , on the 31 " day of July , 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 16th day of January . 2003 ; 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 " OPEC Fund for International Development Loan Agreement for Financing the Project Ratification Proclamation No. 310/2003 . ” Unit Price The African Law Archive No. 23 16 January , 2003– Page 2042 2. Defintion In this Proclamation “ Loan Agreement ” ' means the Loan Agreement No. 887P signed between the Federal De mocratic Republic of Ethiopia and the OPEC Fund for International Development on the 31s ' day of July , 2002 . 3. Power of the Minister of Finance and Economic Development The Minister of Finance and Economic Development is empowered to undertake all acts necessary for the utilization of the loan amount of USD 4,800,000.00 ( four million eight hundred thousand United States Dollars ) in accordance with the terms and conditions set forth in the loan agreement . 4. Effective Date This Proclamation shall enter into force as of the 16 " day of January , 2003 . Done at Addis Ababa , this 16h day of January , 2003 . PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AfricanLaw chive.com The African Law Archive