IBRD LOAN: US$50 million
TERMS: Grace period = 5 years; Maturity = 15 years
PROJECT DESCRIPTION: The JRSP will contribute to improving governance and the rule of law by increasing transparency and efficiency within the judiciary. It will also help foster a better business environment conducive to private sector growth by improving the efficiency and predictability of the arbitration court system. The five-year project has a total cost of US$172.41 million, of which US$50 million will be financed by the IBRD, and US$122.41 million will be counterpart financing provided by the Russian Federation.