Bangladesh withdraws request for World Bank funding after graft allegation


DHAKA (Reuters) - Bangladesh has dropped plans to seek World Bank funding for a bridge over the Padma river after the bank withheld assistance until the government completed an investigation into allegations of corruption in the project.

The World Bank last year cancelled a $1.2 billion (755.7 million pounds) credit for the 6.2-km (4-mile) bridge, which would be the country's longest water crossing, after it found "credible evidence" of high-level corruption among Bangladeshi officials.

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