Regulatory Alerts2017-01-15
Decree No. 2016-278/PRIMEF Appointing Members of the Board of Directors of the Partial Credit Guarantee Fund of Djibouti
The President of the Republic and Head of Government of Djibouti issued Decree No. 2016-278/PRIMEF to formally appoint nine members to the Board of Directors of the Partial Credit Guarantee Fund (FGPCD). The decree designates representatives from key state institutions, economic chambers, and professional associations to serve three-year terms subject to automatic renewal. It further confirms that the board's operational mandate and competencies remain governed by Articles 8 through 11 of Decree No. 2016-095/PRMEFI, with the Minister of Economy, Finance and Industry tasked with its execution and publication in the Official Journal.
Republic of Djibouti Unity - Equality - Peace Visa: /
- Prime Minister
- Minister of Economy, Finance and Industry
2016-278/PRIMEF Decree No. ----------------- Appointing Members of the Board of Directors of the Partial Credit Guarantee Fund of Djibouti
The President of the Republic Head of Government
Having reviewed:
- The Constitution of 15 September 1992
- Constitutional Law No. 92/AN/1016th Session dated 21 April 2010 amending the Constitution
- The Ordinance establishing the National Bank of Djibouti
- Law No. 12/AN/98/4 amending the status of State-owned companies, mixed-economy companies, and public industrial and commercial establishments
- Law No. 118/AN/1116th Session dated 22 January 2011 amending the statutes of the Central Bank of Djibouti
- Law No. 119/AN/11/6th Session dated 22 January 2011 on the establishment and supervision of credit institutions and financial auxiliaries
- Decree No. 99-0077/PRIMEFEN dated 8 June 1999 amending the status of State-owned companies, mixed-economy companies, and public industrial and commercial establishments
- Decree No. 2011-021/PRPM dated 4 November 2001 on public administrative establishments and regulating the transitional period
- Decree No. 2016-095/PRMEFI on the organization and functioning of the FGPCD
- Decree No. 2016-109/PRM dated 11 May 2016 appointing the Prime Minister
- Decree No. 2016-110/PRM dated 12 May 2016 appointing members of the Government;
- Decree No. 2016-148/PRM dated 16 June 2016 defining the duties of government members;
On the proposal of the Minister of Economy, Finance and Industry
DECREE NO. 2016-278/PRIMEF DECREES
Article 1: The Board of Directors of the Partial Credit Guarantee Fund of Djibouti shall be composed as follows: • Mr. Samir Salem Mouti, Representative of the Presidency, • Mr. Ali Sillay Abdallah, Representative of the Prime Minister's Office, • Mr. Ibrahim Hamadou Hassan, Ministry in charge of Economy, • Mr. Sahal Said Awaleh, Ministry in charge of Budget, • Mr. Abdourahman Hassan Ali, State Secretariat for Social Affairs, • Mr. Bourhan Mohamed Ali, Djibouti Chamber of Commerce, • Mr. Ali Moussa Mohmed, Association of Professional Banks, • Mrs. Choukri Abdillahi Mohamed, Association of Young Entrepreneurs, • Mr. Djama Aouled Djama, Confederation of Employers of Djibouti.
Article 2: The mission, functioning, and competencies of the Board of Directors are defined in Articles 8, 9, 10, and 11 of Decree No. 2016-095/PRMEFI on the organization and functioning of the FGPCD.
Article 3: Members of the Board of Directors are appointed for a term of three years, renewable by tacit renewal.
Article 4: The Minister of Economy, Finance and Industry is responsible for the execution of this Decree.
Article 5: This Decree shall be published and disseminated according to standard procedures in the Official Journal.
7 OCT 2016 Done at Djibouti, on .