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Elite Capture of Foreign Aid : Evidence from Offshore Bank Accounts (English)

Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. ... See More +

Policy Research Working Paper WPS9150 FEB 18, 2020

Andersen,Jorgen Juel; Johannesen,Niels; Rijkers,Bob Disclosed