VU The Constitution of 15 September 1992;
VU Law No.92/AN/10/6thL of 21 April 2010 revising the Constitution;
VU Act No.160/AN/12/6thL reorganizing the Ministry of Economy and Finance in charge of Industry and Planning;
VU Law No.26/AN/13/7th L of 20 January 2014 ratifying the financing agreement for the project for the rehabilitation of drinking water infrastructure in Djibouti;
VU Law No. 58/AN/14/7thL 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 No.398/PAN dated 22/10/2017 convening the 1st Public Meeting of the 2nd Ordinary Session of 2017/2018;

The Council of Ministers heard at its meeting on 19 September 2017.

Article 1: Is ratified, the loan agreement between the Republic of Djibouti and the Arab Fund for Economic and Social Development (FADES) on 08 April 2017, totalling 20.000.000.000.00 of Koweitien dinars (twenty million) corresponding to 12.819.691.098 FDJ and covering the additional financing of the project for the rehabilitation of drinking water infrastructure in Djibouti.

Article 2: The conditions of the loan are concessional with a maturity period of 30 years including a grace period of 7 years with a interest rate of 2% per year. The maximum rate of the commitment commission payable on the undisbursed balance of the funding is half per cent (0.5%) per year.

Article 3: This Act will be published upon promulgation.