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Internet Edition. May 3, 2008, Updated: Bangladesh Time 12:00 AM |
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Sida and Cordaid terminate partnership with BWHC The Embassy of Sweden/Sida and Cordaid undertook an investigation into the financial administration of BWHC. The investigation concluded that misappropriation of funds has taken place in the organisation. Because of this, both Sida and Cordaid have ended their relationship with BWHC with immediate effect. "We highly regret the serious consequences of BWHC's financial mismanagement, foremost for the beneficiaries and their staff members. We have always valued the work conducted by BWHC in improving the health situation of women, which is an important area of work. However, both Sida and Cordaid will continue working in the field of women's health in Bangladesh through other partners," a Sida press release said. "We strongly emphasise the importance of accountability and financial transparency, especially in development work and therefore we decided to go public with our findings," it also said.
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