The government will start negotiation with the World Bank today for taking loans for 15 development projects including construction of the second Padma bridge at Paturia. A negotiation meeting on the funding of prospective projects between the World Bank Dhaka office and Economic Relations Division will be held today at the
padma bridge funding
WB to appoint external panel
Assessing Padma Graft Probe WB to appoint external panel 2 missions due this month The World Bank will appoint an external panel to assess the investigation carried out by the Anti-Corruption Commission into the corruption allegation in the Padma bridge project. Two WB missions are likely to arrive in Dhaka this month for the purpose, ... Read more
Fresh reminder from WB
Padma graft allegations must be thoroughly investigated, it insists The World Bank funding of the Padma bridge project will depend on the satisfactory implementation of all the measures it has asked the government to take, the bank said in a statement yesterday. Last week, the global lender announced that it was re-engaging in the project ... Read more
Mashiur all set to go?
Padma Loan Crisis Mashiur all set to go? In the interest of Padma bridge funding, Mashiur Rahman has tentatively agreed to step down as the prime minister’s economic affairs adviser, highly placed government sources have said. The co-financiers of the project — Asian Development Bank (ADB) and Japan International Cooperation Agency (Jica) — have extended ... Read more
Jica extends time by three weeks
Padma Bridge Funding Jica extends time by three weeks Japan International Cooperation Agency (Jica) yesterday extended its loan effectuation deadline for three weeks for the Padma bridge project, a day after the Asian Development Bank extended its deadline by a month. Jica has conveyed its decision to the Economic Relations Department (ERD) of the finance ministry, ... Read more
Light not thrown on graft allegations yet
Muhith admits World Bank halts Padma Bridge funding; bins propaganda against Yunus The World Bank has “temporarily halted” funding the Padma Bridge project and is waiting for the government’s response to its allegations of corruption in the tender process for the project. The government has not yet made it clear what the graft allegations are, ... Read more