WB loan needs reconsidering
The World Bank has cancelled the much awaited 1.2 billion loan for the construction of Padma Bridge on the charge of corruption. The new World Bank chief Jim Yong Kim also supported the decision on the ground that WB does not tolerate corruption. I am surprised to know that Bangladesh government did not help the investigation team properly, which means that some government high officials are also involved in the corruption. Anyway, this bridge will play an important role in developing communication between the coastal districts of Bangladesh and Dhaka. It will contribute positively towards bolstering our economy as well. However, it is really shameful for the government.
Bangladesh will have to incur a great loss if alternative source of funding is not managed. I think the World Bank should reconsider the decision. Apart from that, the allegation made by the WB has not been proved yet. In fine, I would assert that the WB should not cause to suffer millions of poor people due to the corruption of a few.
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