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World Bank Statement of September 25, 2012 on Padma Bridge

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World Bank Statement of September 25, 2012 on Padma Bridge
September 25, 2012

World Bank Statement of September 20, 2012 on Padma Bridge Rethink Role of State in Finance, says World Bank

WASHINGTON, September 25, 2012—The World Bank today issued the following statement concerning the Padma bridge project in Bangladesh: Media reports have quoted senior Bangladeshi government officials misrepresenting the World Bank’s position concerning the Padma Multipurpose Bridge Project. We feel obliged to issue the following clarifications: The Bank has shared repeatedly with the Government of Bangladesh credible evidence of corruption involving senior public officials related to the financing of the Padma bridge. This led the World Bank to cancel the US$1.2 billion credit in the absence of a credible response by the government. On September 20, 2012 the government agreed:

MEDIA CONTACTS

In Washington Angela Walker tel : (202) 473­0626 awalker1@worldbank.org

Statement by Dr. Jim Yong Kim, President of the World Bank Group World Bank Appoints Kaushik Basu Chief Economist Severe Droughts Drive Food Prices Higher, Threatening the Poor

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World Bank in Bangladesh World Bank Bangladesh on Facebook World Bank South Asia on Twitter

to place all public officials suspected of involvement in the corruption scheme on leave from government employment until an investigation is complete; to appoint a special inquiry and prosecution team within the ACC to handle the investigation; and to grant access to all investigative information to an

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