|Law No. 193/AN/12/6th L ratifying the guarantee agreement signed between the Republic of Djibouti and the FADES.|
NATIONAL ASSEMBLEE A ADOPTETHE PRESIDENT OF THE PROMULGUE REPUBLICI'll tell you what.
VU The Constitution of 15 September 1992;
The Council of Ministers heard in its meeting of 30 December 2012.
Article 1: Is ratified the loan guarantee agreement on the line of credit of USD 10 million between the Arab Fund for Economic and Social Development (FADES) and the Djibouti Economic Development Fund (FDED) concluded on October 21, 2012.
Article 3: The annual interest rate is 2% with a 7-year reimbursement period (15 semi-annual maturity), a grace period of 3 years and finally a maturity period: 10 years.
Article 4: This Act will be published in the Official Journal of the Republic of Djibouti upon promulgation.
|Done in Djibouti, on 30/12/2012 |
President of the Republic,
Head of Government
ISMAÏL OMAR GUELLEH