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Posts Tagged ‘Bangladesh’

A $1.2bn loan for Bangladesh’s Padma bridge project has been cancelled by the World Bank on Friday, arguing that the government had not co-operated in investigating “high level” corruption in the project.

The bank said about the loan being cancelled immediately : “The World Bank cannot, should not, and will not turn a blind eye to evidence of corruption.” (more…)

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Amid soaring crude oil prices, fuel prices have been raised by the Bangladesh government, by between 34-67 per cent, officials say.

Government finances have been stained by the surge of crude oil prices. As a consequence, authorities have said that they have no alternative to the sharp increases. (more…)

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The IMF called for strong action on food prices and on the international financial crises, during a meeting in Washington.

After the recent riots in a number of coutries, like Haiti, the Philippines and Egypt, Dominique Strauss-Kahn (photo), the head of the International Monetary Fund (IMF) has warned that hundreds of thousands of people will face starvation if foods prices keep rising. He added that the continuing food price inflation could cause conflict. (more…)

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