The drama begun in early February of this year, following the World Bank allegation of corruption in Padma Multipurpose Bridge project in Bangladesh. In its last sequence early in today you might have found some light that could have make you hopeful about positive ending of the funding crisis. But by the end of the…
August 20, 2007: An ECNEC meeting headed by Fakhruddin Ahmed approves the Padma bridge project with a cost estimation of Tk 10,161 crore. January 11, 2011: The ECNEC approves the revised plan with a nearly double cost of Tk 20,507 crore for the project. February 2011: The WB board approves the $1.2 billion financing out…
After juggling and muddling with the matter for a while World Bank, the lead financier of Padma Multipurpose Bridge has finally announced the cancellation of its contract with Bangladesh for financing the implementation of Padma Multipurpose Bridge. WB mentioned about lack of action or in other words reluctance of Bangladesh about authentic probe into its…
Corruption and lack of accountability make The World Bank- the most influential money lending firm of the world- one of the “most dysfunctional” in the world, says a report by the Forbes. In a long and detailed report the magazine says, ”No one, starting with outgoing President Robert Zoellick, has laid out an articulated vision for what the…
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