So in the nineteen most highly aid dependent countries (of course skewed poor) 5% of WB assistance plausibly leaks offshore. Were I a fan of World Bank Financial and Project Management controls (I'm not) I'd be touting this as evidence of their considerable effectiveness.
Paper says leakage rates for oil windfalls in oil-dependent states x2-x3 higher "The difference may be due to the fact that foreign aid is generally subject to monitoring and control by the donors whereas there are no external constraints on the use of petroleum rents"
Yay OPCS?
Yay OPCS?
Only way I can see this paper as a problem for the World Bank is if someone took the "zero tolerance for corruption" line literally, and this evidence as definitive.
To which I would say: get a grip.
To which I would say: get a grip.
See this @aidthoughts thread for (more informed) reaction to this paper. Note 5% may be lower bound (missing better hidden and other diversions) but still 1/3 estimate w/r/t oil & non-result with policy based lending is odd....
Oh and also, when it comes to losing track of resource flows, see this:
