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Posts Tagged ‘loan’

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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Restructuring Greece’s debt would be “catastrophic” for the country’s credibility and its economy, said prime minister George Papandreou (photo, from bbcimg.co.uk). (more…)

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