XIAMEN (China) (Sputnik) — The NDB announced on August 30 its board of directors had approved a $460-million loan to Russia for the development of infrastructure and implementation of information technology systems of the judicial system in the country.
"Look at the project that we approved in Russia. It's the project to support the reform of the judicial system in Russia. But notice that we are not in the business of recommending policies or reforms, we are just supporting the infrastructure and the IT part of the project," Batista said.
Batista stressed that it was the second part of the project that was initiated by Russia with the World Bank.
The aim of the Judicial Reform Support Project for Russia is to strengthen judicial transparency and efficiency in courts financed, according to the information provided on the World Bank website.
The NDB was established by the five BRICS member states — namely Brazil, Russia, India, China and South Africa — in July 2014, to finance infrastructure and sustainable development projects both within BRICS and other developing countries.