The World Bank’s financial aid scandal
It is a pity that the World Bank’s Chief Economist Penny Goldberg has resigned after being in a role for only 15 months. Her resignation appears linked to the scandal around the financial aid leakage to private accounts in financial havens.
The brief story is that when the World Bank provides financial aid to aid dependent countries, some of these funds appear to be transferred into the private accounts of the “elites” in the countries mostly known as “financial havens”. She then left because the research on this issue wouldn’t be published by the World Bank.