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WORLD BANK ALLOCATES 22.5 MLN DOLLAR CREDIT FOR REFORMING ARMENIAN
COURT AND LEGAL SYSTEM
YEREVAN, MARCH 9, NOYAN TAPAN. The World Bank allocated 22.5 mln USD
credit for reforming the Armenian court and legal system. The
respective agreement was signed on March 9 by the RA Minister of
Finance and Economy Vardan Khachatrian and the WB Yerevan Office Acting
Director Naira Melkumian. The credit is provided for 20 years, with
10-year grace period and 75% interest rate. V. Khachatrian said that
the Japanese government will also provide a 3 mln dollar grant.
According to him, the program's aim is to improve administration in the
Armenian court and legal system and form high-quality infrastructures.
Under the program, repairs of courts in marzes will be completed, and
construction of the RA Cassation Court will start.
COURT AND LEGAL SYSTEM
YEREVAN, MARCH 9, NOYAN TAPAN. The World Bank allocated 22.5 mln USD
credit for reforming the Armenian court and legal system. The
respective agreement was signed on March 9 by the RA Minister of
Finance and Economy Vardan Khachatrian and the WB Yerevan Office Acting
Director Naira Melkumian. The credit is provided for 20 years, with
10-year grace period and 75% interest rate. V. Khachatrian said that
the Japanese government will also provide a 3 mln dollar grant.
According to him, the program's aim is to improve administration in the
Armenian court and legal system and form high-quality infrastructures.
Under the program, repairs of courts in marzes will be completed, and
construction of the RA Cassation Court will start.