WB allots loan to aid judiciary improvements in Azerbaijan
Azerbaijani government and the World Bank (WB) Tuesday signed a loan agreement envisioning the additional allocation of $33.2 million for the implementation of the judicial system enhancement project in Azerbaijan.
The agreement was signed by Justice Minister Fikret Mammadov on behalf of Azerbaijan and Deputy Office Manager of the WB Baku Office Saida Bagirli on behalf of the WB.
Bagirli said of total loan, $9.2 million are assigned from the International Development Association (IDA), and $24.2 million are assigned from the International Bank for Reconstruction and Development (IBRD).
The share of participation of the government of Azerbaijan in the project is $28.3 million. Hence, the project is valued at a total of $61.7 million. The project aims at development of the potential of Azerbaijan's judicial system and enhancement of its efficiency, and improvement of citizens' access to information and services.
The funds will be spent to cover additional expenses relating to the first similar project approved by the WB in 2006 as new technical assistance measures have been included and construction-related expenses have increased.
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