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between aid and governance, both positive and negative. The second half of the chapter examines when donors should attach … countries where governance is strong. In other cases, donors may seek to attach conditions based on governance reform, and …
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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. The estimates are...
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