WORLD BANK SET TO RELEASE SECOND CREDIT FOR ARMENIAN JUDICIARY REFORM
Armenpress
YEREVAN, JUNE 13, ARMENPRESS: An official of the Armenian justice
ministry told Armenpress the ministry and World Bank have reached
a principled agreement on implementation of a second credit program
for judiciary reform.
Arthur Tunian, head of a ministry office for program implementation,
said the ministry and the World Bank are engaged in talks to specify
its components. Justice minister David Harutunian had earlier said
the first credit program was assessed highly by World Bank.
In 2000 September the World Bank approved the first US$11.40 million
equivalent (SDR8.6 million) for a Judicial Reform Project in Armenia to
help its authorities in the development of an independent, accessible,
and efficient judiciary, essential to governance, rule of law, and
investment climate. The total cost of the project was US$12.2 million
including US$800,000 from the Armenian Government. The credit was
disbursed on standard IDA terms with a maturity of 40 years including
a 5-year grace period.
From: Emil Lazarian | Ararat NewsPress