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Act No. 09/An/13/7Th Ratifying The Loan Agreement Of The Institutional Support Project To The Fded With The Fund Of The Opep.

Original Language Title: Loi N° 09/AN/13/7ème L portant ratification de l'Accord de prêt du projet d'appui institutionnel au FDED avec le Fonds de l'OPEP.

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Act No. 09/AN/13/7th L ratifying the Loan Agreement for the Institutional Support Project for the FDED with the OPEC Fund.

NATIONAL ASSEMBLEE A ADOPTETHE PRESIDENT OF THE PROMULGUE REPUBLICI'll tell you what.



VU The Constitution of 15 September 1992;
VU Decree No.2013-0044/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.2011-0058/PRE of 14 April 2013 establishing the powers of the Ministries;
VU Circular No.70/PAN of 2/06/201 3 calling on the National Assembly in public session;

The Council of Ministers heard at its meeting on 16 April 2013.

Article 1: Is ratified the loan agreement between the Republic of Djibouti and the OPEP Fund on 29.01.2013 covering the institutional support of the FDED in the exercise of its SME assistance mission for a total amount of USD 3 million corresponding to USD 533.163,000 FD.


Article 2: The implementation of this project will enable the FDED to strengthen its capacity to manage small and medium-sized business financing activities and to support young graduate entrepreneurs, who have the qualifications to carry out viable business projects.

Article 3: The conditions of the loan are characterized by a maturity period of 20 years, including a grace period of 5 years, an interest rate of 2.1 per cent per year and a management commission of 1% per year.

Article 4: This Act will be published in the Official Journal of the Republic of Djibouti upon promulgation.
Done in Djibouti on 25/06/2013

President of the Republic,
Head of Government
ISMAÏL OMAR GUELLEH