Majilis approved loan agreement ratification between Kazakhstan and IBRD

Date: 09:57, 04-06-2014.

Astana. June 4. KazTAG - Majilis deputies have approved the draft law "On loan agreement ratification (project of institutional strengthening of justice) between Kazakhstan and the international bank of reconstruction and development".

According to the conclusion of the committee on international affairs, defense and security, according to the agreement "the international bank of reconstruction and development provides $36 mln loan for the project financing of institutional strengthening of justice sector".

"The maturity term- 15 years, including 5 years privileged period. Co-financing from the republican budget- $23.9 mln," reads the document.

According to the authorized committee, the project is aimed to improve the judicial system of Kazakhstan through a number of tasks.

"It is strengthening of key elements implementation of legal and institutional base, increase of quality of services and efficiency of the Ministry of Justice, increase of efficiency and professionalism of judges, implementation and coordination of project and scientific activity," reads the conclusion.

The draft law has been sent to the Senate for consideration.

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