Act No. 189/An/17/7Th Repealing And Replacing Act No. 165/An/16/7Th Ratifying The Loan Agreement For The Water And Soil Management Programme (Progress).

Original Language Title: Loi N° 189/AN/17/7ème L abrogeant et remplaçant la loi n°165/AN/16/7ème L portant ratification de l'Accord de prêt pour le programme de gestion des Eaux et des Sols (PROGRES).

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Law N° 189/AN/17/7th The repealing and replacing the law n°165/AN/16/7th Ratification of the Loan Agreement for the Water and Sols Management Program (PROGRES).


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.107/AN/00/4 L of 21 October 2000 on the Law of Finance;
VU Decree No.2016-109/PRE of 11 May 2016 appointing the Prime Minister;
VU Order No.2016-110/PRE of 12 May 2016 appointing members of the government;
VU Order No.2016-148/PRE dated 16 June 2016 establishing the responsibilities of departments;
VU Circular n°164/PAN of 24/05/2017 convening the 5th Session of the 2nd Session of the Year 2016/2017;

The Council of Ministers heard in its meeting of 25/04/2017.

ARTICLE 1: Section 1 of Act No.165/AN/16/7th L is amended to read:
The Financing Convention signed on 23 January 2017 between the Republic of Djibouti and the International Fund for Agricultural Development (IFAD) includes:
- A loan of five million seven hundred seventy thousand US$ (5.770,000) or about one billion thirty and one million five hundred two thousand and nine hundred francs Djibouti (1.031.502.900 FDJ).
- A donation of three hundred thousand USD ($300,000) or about fifty three million six hundred thirty and one thousand (53.631.000 FDJ).

Article 2: Article 2 of Law N°165/AN/16/7th L is amended as follows:
This loan and donation agreement is part of the Financing Framework for the Water and Soil Management Program (PROGRES) in the Republic of Djibouti.

ARTICLE 3: Unchanged

Article 4: This Act shall be published as soon as it is promulgated and enforced as a law of the State.

Done in Djibouti on 01/06/2017

President of the Republic,
Head of Government