NATIONAL ASSEMBLEE A ADOPTETHE PRESIDENT OF THE PROMULGUE REPUBLICI'll tell you what.
VU The Constitution of 15 September 1992;
VU Law No.92/AN/10/6th L of 21 April 2010 revising the Constitution;
VU Law No.107/AN/00/4 L of October 21, 2000 on the Finance Act;
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 No.119/PAN of 10/04/2017 convening the 1st Ordinary Session of the 7th Parliament of the AN 2017;
The Council of Ministers heard in its meeting of 24/01/2017.
Article 1: Is ratified a loan agreement of three million eight hundred thousand special drawing rights (3.800.000 DTS) or about five million hundred thousand US dollars (5.100.000 S), between the Republic of Djibouti and the International Development Association (IDA), on December 28, 2016.
Article 2: This loan agreement is part of the additional funding for the private sector and financial sector governance development project in the Republic of Djibouti.
Article 3: The interest of the Republic of Djibouti on the disbursed balance of the credit is equal to one-quarter per cent (1.25%) per year.
The maximum rate of the commitment commission paid by the Republic of Djibouti on the undisbursed balance of the financing is half of one percent (0.5%) per year.
The rate of the service commission payable on the disbursed balance of the credit is three-quarters of one per cent (0.75 per cent) per year.
Article 4: This law will be enforced as a state law and published in the Official Journal of the Republic upon promulgation.
Article 5: This law will be enforced as a state law upon promulgation.