Act No. 16/An/18/8Th Ratifying The Loan Agreement Signed Between The Djibouti Republic And The African Development Bank.

Original Language Title: Loi N° 16/AN/18/8ème L portant ratification de l'Accord de Prêt signé entre la République de Djibouti et la Banque Africaine de Développement.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
Act No. 16/AN/18/8th L ratifying the Loan Agreement signed between the Republic of Djibouti and the African Development Bank.


VU The Constitution of 15 September 1992;
VU Constitution Act No. 134/AN/06/5th L of 02 February 2006 revising the Constitution;
VU Constitution Act No. 215/AN/08/5th L of 19 January 2008 revising the Constitution;
VU Constitutional Law No.92/AN/10/6th L of 21 April 2010 revising the Constitution;
VU Law No.160/AN/12/6th The reorganization of the Ministry of Economy and Finance in charge of Industry and Planning;
VU Law No.58/AN/14/7th L of 06 December 2014 adopting " Vision Djibouti 2035 " and its Operational Action Plans;
VU Decree No.2015-290/PR/MEFCI of 24 October 2015 adopting the National Development Plan SCAPE;
VU Decree No.2016-109/PRE of 11 May 2016 appointing the Prime Minister;
VU Decree No.2016-110/PRE of 12 May 2016 appointing members of the Government;
VU Decree No.2016-148/PRE of 16 June 2016 establishing the powers of the Ministries;
VU Circular No. 202/PAN/RO of 17 July 2018 convening a special session;

The Council of Ministers heard at its meeting on 15 May 2018.

Article 1: Is ratified the Loan Agreement of 10.740.000 UC or 2.665.500.000 Djiboutian francs, signed on 08 May 2018, between the Republic of Djibouti and the African Development Bank (ADB).

Article 2: The conditions of the loan are concessional with a maturity period of 25 years, including a grace period of 5 years.
The annual interest rate is 1% with a service commission of 0.75% per year of the disbursed loan and not yet refunded as well as commitment commissions of 0.5% per year, on the undisbursed portion of the loan.

Article 3: This Act will be registered and published in the Official Journal of the Republic of Djibouti upon promulgation.

Done in Djibouti, 22/07/2018

President of the Republic,
Head of Government