World Bank Enables Corruption in Bangladesh By Anis Chowdhury Copyright © 2026 IPS-Inter Press Service.

World Bank Enables Corruption in Bangladesh By Anis Chowdhury https://www.ipsnews.net/2026/06/world-bank-enables-corruption-in-bangladesh/ SYDNEY, Jun 9 2026 (IPS) - The World Bank considers corruption a major obstacle to eradicating global poverty. The Bank officially has a zero-tolerance policy against fraud and corruption in its projects. Concerned with widespread corruption in Bangladesh, the Bank and the Government agreed on the Governance-oriented Country Assistance Strategy (GCAS) in 2006 and the Bank’s subsequent Country Partnership Strategy (CPS) ostensibly has been more selective on governance and anti-corruption (GAC) issues. Ironically, however, the Bank’s funding enables corruption. The Bank’s recent decision to advance a US$350 million loan allegedly for enhancing energy security is a glaring example. Copyright © 2026 IPS-Inter Press Service.