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| Hilary Clinton and her big donor Dr. Muhammad Yunus. |
Fired Grameen banker and the 2006
Nobel-Peace-Prize winner Dr. Muhammad Yunus used Clinton influence to stop the
Padma River Bridge funding from the World Bank after Bangladehi Government
rejected Hilary Clinton’s demand to reinstate Yunus as the Managing Director at
Grameen Bank, Bangladesh PM Hasina charges.
In 2012, the World Bank pulled out of its US$1.2 billion commitment to
fund Bangladesh’s biggest infrastructure project, a 6.1 km. multimodal bridge
over the Padma River, because of clear evidence of high-level corruption. But
when Bank officials went to the government, they were ignored.
Today, however, Bangladesh Prime Minister Sheikh Hasina Wazed is
charging that World Bank officials acting at the behest of the family of former
US President Bill Clinton attempted to blackmail her into allowing former Grameen
Bank President Muhammad Yunus to return to the bank, or the World Bank’s
portion of the funding for the US$3 billion Padma Bridge, the country’s
biggest, would be turned off.
The World Bank decision to pull out of
the project, which is now about 25 percent completed, forced Bangladesh to find
other funding sources. The bank said it had found a high-level corruption
conspiracy among Bangladeshi government officials, the Canada-based SNC-Lavalin
executives, and private individuals. “The World Bank cannot, should not, and
will not turn a blind eye to evidence of corruption,” the bank said when it
cancelled the loan.