A Bangladesh government probe committee found five top officials of Bangladesh Telecommunications Company Ltd (BTCL) guilty of attempted corruption, inefficiency and failure to establish a nationwide telecom backbone network in the last ten years. Meanwhile, Japan International Cooperation Agency (JICA) withdraws the US$25 million aid package that it had sanctioned for the project. The telecom division presented […]
Japan withdraws US$25m aid from BTCL project for attempted corruption

Japan’s US$1.20b development aid package to Bangladesh facing delay

Japan’s nearly US$1.2 billion soft loan for five development projects is facing delay despite Bangladesh government’s efforts for confirming the assistance, officials said Wednesday. The loans are arranged under the Tokyo-assured 36th development aid package. Gloomy business and political environment as well as increased dependence on a certain bilateral donor country are cited as major reasons […]