Elite Capture of Foreign Aid : Evidence from Offshore Bank Accounts

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...

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Bibliographic Details
Main Authors: Andersen, Jorgen Juel, Johannesen, Niels, Rijkers, Bob
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
Online Access:http://documents.worldbank.org/curated/en/493201582052636710/Elite-Capture-of-Foreign-Aid-Evidence-from-Offshore-Bank-Accounts
http://hdl.handle.net/10986/33355