Defending mashiur, the premier wondered how she could send him on leave when he had not committed any corruption in the padma bridge project, meeting sources said hasina, also the al president, said the wb was supposed to inform the government about its decision on the loan revival by september 15, but the lender did not do that.
On september 21 the world bank (wb) at a press release revived the $12 billion loan on the padma bridge project after the government fulfilled all the conditions after the cance.
Padma bridge case is a hearsay march 2017 wb have heard many rumors of corruption in the construction supervision contract (csc) related to the planned construction of the padma bridge in bangladesh. The world bank has finally decided to revive its $12b loan deal for the padma bridge project as the government has removed the hurdles to end an impasse over the scheme.
The global lender also showed it reason behind the revival of the loan deal saying “in its communication with the world bank about the fulfillment of these measures, the government of bangladesh requested the wb to consider again the financing of the padma bridge.
In fact, wb is the largest donor agency in the economic sector of bangladesh the loan for padma bridge was cancelled early this year with specific allegation of corruption there was a hectic negotiation and persuasion for withdrawal of cancellation of the sanctioned loan the wb set some conditions.
Padma bridge loan revival — a good lesson this is a good lesson for bangladesh and other corrupt nations that donor agencies have zero tolerance to corruption it should go for good governance, reform in bureaucracy and transparency in administration.
The world bank (wb) has formally decided to revive its $12 billion loan deal for padma bridge project “the world bank has agreed that, upon satisfactory implementation of the agreed measures by the government, and with the support of the wb’s governing bodies, it will engage anew in the padma bridge project,” a statement of the wb released on early friday said. The loan for padma bridge was cancelled early this year with specific allegation of corruption there was a hectic negotiation and persuasion for withdrawal of cancellation of the sanctioned loan the wb set some conditions.