Kazakhstan ratified loan agreement with IBRD on financing of justice sector

Date: 03:03, 03-07-2014.

Astana. July 3. KazTAG - Kazakhstani President Nursultan Nazarbayev has signed the law "On agreement ratification on loan (project of institutional strengthening of justice sector between Kazakhstan and the International bank on reconstruction and development (IBRD)," reads the message of the President's press-service.

The text is being published in the press.

As reported, according to the agreement the IBRD will provide $36 mln loan to Kazakhstan to finance the project of institutional strengthening of justice sector.

The maturity term- 15 years including 5 years period. Co financing from the republican budget - $23.9 mln.

The project is aimed to improve the legal system of Kazakhstan implementing a number of tasks including strengthening of implementation of key elements of legal and institutional base, increase of quality of services and efficiency of Justice Ministry, increase of efficiency and professionalism of judges, implementation and coordination of project and scientific activity.

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