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Economy

Bangladesh moves forward on sovereign infrastructure fund

Critics warn of overlapping mandate with existing state-owned institution

Cabling work for Bangladesh's first subway system is underway in Dhaka. (Photo by A.Z.M. Anas)

DHAKA -- Bangladesh is moving to put $2 billion from its foreign reserves into a new sovereign wealth fund to finance infrastructure development, but experts fear political maneuvering may soak up public resources.

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