Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts (World Bank WPS 9150)

Why this matters

World Bank economists found that aid disbursements to the most aid-dependent countries coincided with jumps in deposits in offshore financial centers, implying leakage of around 7.5 percent. The paper drew attention after reports that its publication had been held up internally. A primary source on aid, corruption and institutional caution.

Tags

• foreign aid
• corruption
• offshore finance
• World Bank

Part of a collection · step 6 of 10

Follow the Money

Aid flows in, offshore deposits rise.

Cite

World Bank Group. "Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts (World Bank WPS 9150)." February 2020. Released February 2020. https://documents.worldbank.org/en/publication/documents-reports/documentdetail/493201582052636710 (accessed via The Quiet Archive, QA-0112).