Bangladesh withdraws request for WB funding after graft allegation

DHAKA (Reuters) – Bangladesh has dropped plans to seek World Bank funding for a bridge over the Padma river after the bank withheld assistance until the government completed an investigation into allegations of corruption in the project. The World Bank last year cancelled a $1.2 billion credit for the 6.2-km (4-mile) bridge, which would be the country’s longest water crossing, after it found “credible evidence” of high-level corruption among Bangladeshi officials. On Friday, the bank said it had received a letter from the government, withdrawing its request for funds to help build the bridge. …

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