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.

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