Behind the World Bank’s Padma Bridge loan drama

 

World Bank tells that they are mainly working for impoverished nations’ economic development by providing low-interest loans. If we say in the real sense, the reality is different. World Bank is controlled by the western world, especially the USA, the World Bank’s largest shareholder. The result is that emerging nations become more impoverished, wealthy nations become more luxurious. We have seen many countries became victims of the World Bank’s policies. For example, the Philippines suffered to fulfill loan conditions by the USA and its allies. The USA took advantage of the situation; they operated business freely and more significantly export US goods into the Philippines. Even in the national election in Russia World Bank played an important role by giving Russia unconditional loans to keep Russian President Boris Yeltsin, an ally of the west. As a result, he rescued from sure defeat against socialists. Like this, many examples clarify the World Bank’s biasness.

At last, Bangladesh also becomes a victim of USA political dominance on the Padma Bridge loan issue. World Bank claimed that corruption conspiracy involving Bangladeshi officials and rejected the loan. Bangladesh investigated the problem but did not find any evidence of corruption. Even the World Bank could not show any tangible proof of the matter. At last, a Canadian court didn’t find any evidence of the World Bank’s claiming issue. However, in the meantime, the World Bank’s petty arguing about corruption has cost Bangladesh financially and damaged its image internationally. At last, Bangladesh’s response was so brave against this traditional bullying pressure of the Western World. Bangladesh decides to construct Padma Bridge by its own cost.