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Kazakhstan,United States : IBRD endorses a law of the agreement on a loan between KAZAKHSTAN for $36 million

July 19, 2014

President Nursultan Nazarbayev endorsed a law on ratification of the agreement on a loan between Kazakhstan and the International Bank for Reconstruction and Development (IBRD).

The agreement that IBRD provides Kazakhstan a loan of $36 million to finance a project of strengthening the system of justice in the country. The time for repayment is 15 years including 5 years of grace period.

Another $23.9 million for the project will be provided from the country s budget.

The main goal of the project is to enhance the legal system of Kazakhstan through strengthening key elements of the legal and institutional base, improving the quality of services and efficiency of the Ministry of Justice, increasing the efficiency and professionalism of judges, implementing and coordinating projects and research work.

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Source: TendersInfo (India)

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