"Our market are dictated not by World Bank, IMF." She said Finance Minister A M A Muhith own rules run can, "Reporters Saturday."
In view of the market freefall, the Government, Central Bank and the stock regulator took several measures to strengthen the stock exchange. Banks and companies also appeared to stabilize two mutual funds and institutional investing on the market.
Two Bangla national newspapers on 26 October cited the report, which said the second fund, offered by a consortium of banks, would 'Reward failure to control the market'.
"It is not only a mistake, but raises questions about the true intentions to make the Fund", he said.
In the meantime our staff correspondent, FHM Humayan Kabir, adds: in a letter of 19 September, and at the World Bank (WB) President Robert B Zoellick, Finance Minister AMA Muhith sought the support of the World Bank for the release of committed funds for the Padma bridge.
"As long as the claim is shown in the appointment of qualified bidders for the construction of main bridge, we continue to other project works, want to support the World Bank" the Finance Minister said in his letter.
Since the anti-corruption Commission (ACC) investigation of alleged graft the bidding process has begun for the construction of the Padma Bridge 2.9 billion project, "we want to Bank permission continue the project work", Mr. Muhith wrote on the WB President.
He assured the WB President that the Government would allow no wrongdoing in the process of implementing the Padma bridge project in the future.
"In addition", if it is proved the alleged graft by the ACC we punish the culprits, he said WB Chief in his letter to the.
In his letter, the Minister of finance proposes also the Washington-based global lenders can scrap be assigned to the bid by the Canadian company SNC-Lavalin, one of five nominated pre-qualified bidders, the construction work for the supervision of the bridge, and select a company from the other four.
World Bank Vice-President Mrs Isabel M Guerreoro during his visit to Dhaka early September last the position financing keep their dedicated $1.20 billion for the multi billion dollar-Padma bridge-project for corruption.
In his letter Mr Muhith requested the WB authorities also continue to the lenders that support the approach on the MAWA side of the Padma bridge and the river training work for building contractor complete selection.
How the Government the ACC for the production of a probe in the WB triggered accusations in the first process before the bridge construction work and swore that has assigned guilty to punish "The implementation of the project should be stopped", said the Minister.
The State Bangladesh Bridge Authority (BBA) five pre-qualified tenderers for construction of 6.15 miles Padma bridge in a second time tender selected.
Offer in the first period scrapped due to reservations by the lead financier of the World Bank is, and a new round of tender was invited for the selection of a qualified bidders for the longest bridge in Bangladesh.
Mr Muhith wrote to Robert Zoellick: "Since the Government already its transparency of land acquisition and renovation of the product concerned in the Padma bridge has proved its worth, support the country's largest mega project of the World Bank should continue."
Also, the World Bank, the Asian Development Bank (ADB) 615 million, Japan commits $ 420 million and the Islamic Development Bank (IDB) 140 million for the bridge project.
Source: thedailystar.net
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