NATIONAL ASSEMBLEE A ADOPTETHE PRESIDENT OF THE PROMULGUE REPUBLICI'll tell you what.
VU The Constitution of 15 September 1992;
VU Decree No.2013-044/PRE of 31 March 2013 appointing the Prime Minister;
VU Decree No.2013-0045/PRE of 31 March 2013 appointing members of the Government;
VU Decree No.2013-058/PRE of 14 April 2013 establishing the powers of the Ministries;
VU Circular No.19/PAN of 20/01/16 calling for the fourth public session of the 2nd Ordinary Session of the year 2015/2016;
The Council of Ministers heard in its meeting of 29 December 2015.
Article 1: Is ratified a loan agreement of seven million five hundred thousand units of account (7.500.000 UC), between the Republic of Djibouti and the African Development Fund (FAD).
Article 2: This loan agreement is part of the programme to support the realization of socio-economic infrastructure and the promotion of economic activities in the regions (PARISER).
Article 3: The annual interest rate on the principal amount of the disbursed and unpaid loan is 1% (one percent). A service commission at a rate of three-quarters of one percent (0.75%) per year on the principal amount of the loan disbursed and not yet refunded must be paid.
A commitment commission at a rate of one-half per cent (0.50%) per year on the undisbursed portion of the loan, will begin to run one-hundred-and-twenty (120) days after the date of signing the agreement and will also have to be paid.
Article 4: This Act will be published in the Official Journal of the Republic of Djibouti upon promulgation.