WB panel meets Muhith

Posted by BankInfo on Mon, Dec 03 2012 09:16 am

The visiting World Bank (WB) probe panel members entering the Anti-Corruption Commission (ACC) head office in the city Sunday.

If the ongoing investigation into the alleged corruption in the Padma bridge project appears to be maintaining the international standard in the eyes of the World Bank, the financing from the international lender will take place simultaneously, Finance Minister AMA Muhith said on Sunday.

He made the comment after meeting the panel of experts from the World Bank at his Secretariat office.

"The WB now observes whether the process of Anti-Corruption Commission (ACC) in investigating the alleged corruption charges is effective or not. If the moves are on the right track, the WB has no problem in financing even in the middle of the investigation," the minister elaborated.

Mr Muhith was talking to reporters after meeting with the WB panel of experts.

Prime Minister Sheikh Hasina's Adviser Dr. Gowher Rizvi, who attended the meeting with the WB, said everything was on the right track in implementing the Padma bridge project with donors' fund.

"The WB has no problem in disbursing their promised fund for the Padma project if they are satisfied with the developments and process of investigation into the alleged corruption," Mr Rizvi told reporters.

News: The Daily Financial Express/Bangladesh/3rd-Dec-12

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