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Old October 13, 2012, 04:56 AM
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Default WB may release Padma fund early

Muhith, Gowher meet bank's external panel in Tokyo

The assurance of quick fund disbursement came at a meeting between the panel led by Luis Moreno Ocampo, a former chief prosecutor of the International Criminal Court, Finance Minister AMA Muhith and prime minister's Foreign Affairs Adviser Gowher Rizvi at Imperial Hotel in Tokyo yesterday.

The panel told Muhith and Rizvi at the meeting that it could give the go-ahead for a fast-track release of the $1.2 billion fund the WB has promised if it finds the investigation was on the right track, said a Bangladesh official who was present at the meeting.

On Thursday, Isabel Guerrero, WB vice president for South Asia, gave Muhith similar assurance.

The panel, however, would continue reviewing the ACC probe, the official added.
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