Approval Of Contract Of Loan With The International Bank Of Reconstruction Ibrd In The Amount Of $60,000,000.

Original Language Title: APRUÉBASE CONTRATO DE PRÉSTAMO CON EL BANCO INTERNACIONAL DE RECONSTRUCCIÓN BIRF, POR UN MONTO DE $60,000,000.

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1 index Legislative Decree No. 1056 the Legislative Assembly of the Republic of EL SALVADOR, considering: I.-authorizing by Decree legislative No. 1014, dated February 29, 2012, published in the Official Journal No. 45, volume no. 394 of March 6, 2012, this Legislative Assembly to the Executive Body in the field of finance so that by means of the holder or representative which he designated , signed on behalf of the State and Government of the Republic of El Salvador a loan agreement with the International Bank for reconstruction and development (IBRD), in the amount of sixty million of dollars of United States of AMERICA (US$ 60,000,000.00), resources that will be used to finance the "project of improvement of the quality of education".
II.-that the concerned loan agreement was signed on 14 March 2012, by the Lord Minister of finance, in correspondence to the authorisation conferred by the Decree legislative number 1014 before related.
III.-that should be adopted in all its parts the loan contract, that he has been subjected to this Assembly, which have been complied with the provisions of article 148 of the Constitution of the Republic.
Therefore, use of his constitutional powers, DECREES: article 1.-approved in all its parts the contract of loan no. 8110-SV signed on 14 March of 2012, between the Government of the Republic of El Salvador and the International Bank for reconstruction and development (IBRD), in the amount of sixty million of dollars of United States of AMERICA (US$ 60,000,000.00) , resources that will be used to finance the "project of improvement of the quality of education".
Article 2.-this Decree shall enter into force as from the day of its publication in the official journal.
GIVEN in the blue room of the Legislative Palace: San Salvador, nineteen days after the month of April of the year two thousand twelve.
OTHON SIGFRIDO REYES MORALES, PRESIDENT.
CIRO CRUZ ZEPEDA PENA, GUILLERMO ANTONIO GALLEGOS NAVARRETE, 2 LEGISLATIVE INDEX SENIOR VICE PRESIDENT. SECOND VICE PRESIDENT.
JOSE FRANCISCO MERINO LÓPEZ, ALBERTO ARMANDO ROMERO RODRIGUEZ, THIRD VICE PRESIDENT. FOURTH VICE PRESIDENT.
FRANCISCO ROBERTO LORENZANA DURAN, FIFTH VICE PRESIDENT.
LORRAINE GUADALUPE PENA MENDOZA, CESAR HUMBERTO GARCIA AGUILERA, FIRST SECRETARY. SECOND SECRETARY.
ELIZARDO GONZÁLEZ LOVO, ROBERTO JOSÉ d'AUBUISSON, Third Secretary. FOURTH SECRETARY. IRMA LOURDES PALACES VASQUEZ, FIFTH SECRETARY. SIXTH SECRETARIAT.
MARIO ALBERTO TENORIO GUERRERO, SEVENTH SECRETARY.
Presidential House: San Salvador, twenty-three days of the month of April of the year two thousand twelve.
PUBLISHED, Carlos Mauricio Funes Cartagena, President of the Republic.
Juan Ramon Carlos Enrique Caceres Chavez, Minister of finance.
D. o. No. 73 volume no. 395 date: 23 April 2012.
ROM/adar 17-05-2012