JICA goes the ADB way

After the ADB, the Japan International Cooperation Agency (JICA) has also pulled out of the Padma bridge project, two days after the government retracted its request for funding to the World Bank.

“As a co-financier, we are unable to continue our commitment under the current framework. Our policy requires the highest standard of ethics,” said a JICA Bangladesh office media release Saturday.

It said the Bangladesh government informed the JICA of their decision to withdraw the request for funding of the Padma project by the World Bank.

“It is regrettable that they could not find the way to go forward under the current financial framework and our efforts did not help overcome the difficult situations, although we have been intensively consulting with GoB and the other co-financiers after WB cancelled the loan last June.” bdnews24.com

Leave a Reply