Arab Today, arab today world bank could revisit bangladesh loan cutoff
Last Updated : GMT 21:29:37
Arab Today, arab today
Arab Today, arab today

World Bank could revisit Bangladesh loan cut-off

Arab Today, arab today

Arab Today, arab today World Bank could revisit Bangladesh loan cut-off

Dhaka - AFP

The World Bank said Thursday that it could reconsider its decision to cancel a $1.2 billion loan to Bangladesh for a major road and rail bridge, but only if authorities keep pledges to fight corruption. In late June, the Washington-based lender cancelled its planned financing for the $3 billion Padma bridge project, saying the government in Dhaka had not cooperated in investigating \"high-level\" corruption in the project. In a statement issued Thursday, the bank said Dhaka \"took actions necessary\" to address its concerns about corruption, including putting all officials acced of graft on administrative leave and opening a \"full and fair\" probe. But the World Bank said Bangladesh had to go further to re-secure World Bank support, and th had \"agreed to a series of measures as a pre-requisite for any renewed implementation\" of the project. Those measures include \"new procurement arrangements with enhanced oversight, to ensure transparency and clean construction of the bridge,\" and \"investigations proceeding in a full, fair, and expeditio manner.\" The bank also asked that \"an independent external panel to review the government\'s investigation.\" \"The bank has agreed that, upon satisfactory implementation of the agreed measures by the government, and with the support of the bank\'s governing bodies, the bank will engage anew in the Padma Multipurpose Bridge,\" it said. The proposed 6.2-kilometer (3.8-mile) bridge over the Padma river -- the local name for the Ganges -- will connect the capital Dhaka to the country\'s coastal districts. The bridge, designed to carry a highway and rail line, is aimed at transforming the country\'s impoverished south. Traffic currently moves across the river by slow ferries. The World Bank\'s cancellation of the loan embarrassed Prime Minister Sheikh Hasina as the construction of the bridge was one of her key election pledges.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank could revisit bangladesh loan cutoff Arab Today, arab today world bank could revisit bangladesh loan cutoff

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank could revisit bangladesh loan cutoff Arab Today, arab today world bank could revisit bangladesh loan cutoff

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday