02.10.2008, 17:35 2713

Majilis approved bill of ratification of agreement on loan between RK and IBRD on development of customs service project

The deputies of Majilis of Parliament of Kazakhstan approved the bill on ratification of the agreement on the loan for the project of development of customs service between Kazakhstan and the International Bank of Reconstruction and Development at the plenary session on Wednesday, the agency reports.

Astana. October 2. Kazakhstan Today - The deputies of Majilis of Parliament of Kazakhstan approved the bill on ratification of the agreement on the loan for the project of development of customs service between Kazakhstan and the International Bank of Reconstruction and Development at the plenary session on Wednesday, the agency reports.

The agreement on the loan for the project of development of customs service between Kazakhstan and IBRD was signed in Astana on February 2, 2008, the Committee of Majilis of International Affairs, Defense and Security informed.

Realization of the project assumes increase of efficiency of productivity and accountability of customs service by introduction of the international experience on operative processing by customs services of international trading streams for further integration of the country into world economy, improvement of investment climate and increase of competitiveness, as well as maintenance of transparency of customs operations to decrease corruption possibilities and greater predictability for participants of foreign trade activities.

According to the agreement, total sum of expenses will make $62 million, including the loan of IBRD, which will make $18.5 million and co-financing from the republican budget - $43.5 million. Term of realization of the project - five years. The loan will be used for purchase of goods - $12 million and payment for services of advisers and training of officials of customs bodies of the Republic - $6 million.

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