World Bank aid 'leakage' may flow to tax havens: study (3)

France24 2020.02.20 01:09
Issued on: 19/02/2020 - 23:46 Washington (AFP) World Bank aid payments to the neediest countries appear to trigger money flows to offshore bank accounts, suggesting funds are siphoned off from the nations they are meant to help, according to a study published Tuesday. Data showed these aid payments are mirrored by rising deposits in tax havens such as Switzerland, Luxembourg, Cayman Islands and Singapore, with
UPROAR, DEPOSIT, HAVEN, DISBURSEMENT, AID, SECRECY, SG, LU, Швейцария, Washington