Short Title The proclamation is formally cited as the Africa Finance Corporation Establishment Agreement Ratification Proclamation No. 1379/2025,.
Issuing Organ This law was issued by the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia. The document was signed by Taye Atske Sellassie, the President of the Federal Democratic Republic of Ethiopia.
Effective Date The proclamation entered into force on May 22, 2025, which corresponds to the date of its publication in the Federal Negarit Gazette,.
Implementing Organ The Ministry of Finance is empowered to cooperate with other government bodies to take the necessary actions to implement the agreement.
Purpose and Scope The primary objective of this proclamation is the formal ratification of the Agreement Establishing the Africa Finance Corporation, which had internationally entered into force on May 28, 2007,.
Reservations The proclamation specifies that Ethiopia reserves the right to subscribe for shares in the Africa Finance Corporation at its own discretion and preferred time. Furthermore, the Corporation is restricted from providing financing for any project or enterprise within Ethiopia if the Ethiopian government objects to that specific financing.