Act No. 208/An/17/7Th On The Ratification Of The Loan Agreement Between The Republic Of Djibouti And The Saudi Development Fund On The Financing Of The Project.

Original Language Title: Loi N° 208/AN/17/7ème L portant ratification de la convention de prêt conclue entre la République de Djibouti et le Fonds Saoudien pour le Développement, relative au financement du projet de...

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Act No. 208/AN/17/7th L ratifying the loan agreement between the Republic of Djibouti and the Saudi Development Fund on the financing of the Djibouti/Tadjourah road rehabilitation project.


VU The Constitution of 15 September 1992;
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 on June 09, 2012;
VU Law No. 58/AN/14/7th L of 06 December 2014 adopting the “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 n°20/PAN of 14/01/2018 convening the 6th public session of the 2nd Ordinary Session of the 7th Parliament for the year 2017/2018;

The Council of Ministers heard in its meeting of September 19, 2017.

Article 1: Is ratified, the loan agreement between the Republic of Djibouti and the Saudi Development Fund (FSD), on 13 April 2017, totalling 101,250,000 (one million two hundred and fifty thousand) Saudi riais (27 million dollars or about 4,818 million Djibouti francs), covering the overall cost of the road rehabilitation project linking Djibouti-ville to Tadjourah.

Article 2: The conditions of the loan are concessional with a maturity period of 30 years including a grace period of 10 years with an annual charge of 1% on all amounts mobilised and not refunded.

Article 3: This Act will be published as soon as it is promulgated and enforced as a State Law.

Done in Djibouti, 06/02/2018

President of the Republic,
Head of Government