Governments 'skimming up to 15 percent' of World Bank aid

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Corrupt elites in aid-dependent countries may be skimming as much as fifteen percent of international aid distributed to the World Bank,

The study found that flows of capital from the 22 of the world's poorest countries to countries known for banking secrecy like Switzerland and the Cayman Islands increased within a financial quarter of payments of World Bank aid being made.

 

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Well, there's a surprise!!

What a surprise. A bit like charities.

There is a saying that development aid is money taken from the poor in rich countries and given to the rich in poor countries.

Sunnyday7771

Only 15%, you are joking. A corrupt elite is just not trying at less than 50%.

Sunnyday7771 Really true, and this is what is happening in Yemen. My mobile has many messages from people's requests, they want help from me, and they beg me even for a bag of righteousness and flour. I cannot help them financially, because my circumstances are very difficult and difficult.😓

'Aid' is a kiddy band on the gashing wound that is inequitable trade deals, unfair 'norms' and under-representation in those very same organizations and institutions that manage those.

It’s like the mob. The cost of doing business.

Really? 🙄

And that's the job of OUR elites. 🙄

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