The World Bank working paper named ‘Elite Capture of Foreign Aid – Evidence from Offshore Bank Accounts’, which was finally released yesterday is a devastating read. Not because of the facts in it, but because of the extent of the misuse and theft of aid money. The World Bank are now proving by small samples how much of their loans, grants and funds, which is given by donors to the WB, which happens to be moved to tax havens by the regimes that needs it. That is eating of the plate of the poorest and living lavish on others people’s dime.
Just in the Annex, the truth really comes forward, where it is only a small samples, but showing the distasteful enterprise still. Like from table one. You can see that a certain amount of African countries have taken out huge funds into havens deposits and non-haven deposits.
The report explains this about the table one: “The table shows the 22 countries in our main sample and presents summary statistics for the main variables in our analysis. The sample includes all countries for which annual disbursements from the World Bank are equivalent to at least 2 percent of annual GDP on average. Sample mean is the average of the 22 countries in the sample. Annual WB aid (% of GDP) is annual disbursements from the World Bank as a fraction of annual GDP. Annual ODA aid (% of GDP) is annual Official Development Assistance (ODA) from all sources as a fraction of annual GDP. Haven deposits is foreign deposits held in the 17 countries classified as havens. Non-haven deposits is foreign deposits held in the countries not classified as havens” (World Bank Feb 2020).
|Nation||Haven (million USD)||Non-Haven (million USD)|
|Sao Tome and Principe||4||8|
When you add into the A6 Table of the modestly aid-dependent countries. You see yet more African countries, where the money a flowing out of the coffers. Where surely not all aid is going where its supposed too.
The report explains table A6 like this: “The table shows the 24 countries for which annual disbursements from the World Bank are between 1% and 2% of annual GDP on average. is the average of the 24 countries in the sample. Annual WB aid (% of GDP) is annual disbursements from the World Bank as a fraction of annual GDP. Sample mean is the average of the 22 countries in the sample. WB aid disbursements is annual disbursements from the World Bank as a fraction of annual GDP. Annual ODA aid (% of GDP) is annual Official Development Assistance (ODA) from all sources as a fraction of annual GDP. Haven deposits is foreign deposits held in the 17 countries classified as havens. Non-haven deposits is foreign deposits held in the countries not classified as havens” (World Bank Feb 2020).
|Nation||Haven (million USD)||Non-Haven (million USD)|
|Central African Republic||18||53|
|Democratic Republic of Congo||910||93|
Without going into deep technicalities of these operations, neither how the World Bank came through these numbers. We can see there is a staggering amount of funds that disappear and goes missing. Which was supposed to go to development or directly to support the state functions. Which happens to end up in tax-havens, surely by someone closely associated with the state or heads of state. Since, these sorts of amounts couldn’t have left the nations without the approval of the executive or head of state.
We can also clearly see, that some aid is directly feeding the rich and keeping tax-havens alive. Giving them financial stimulus and also covering the expenses of the elites in the respective places. There is certainly a mismanagement and a need for more oversight from the World Bank. But also more mechanisms to stop the misuse of aid. If it is supposed to help and not just create a very vastly elite in the nation in question. Because, with this sort of operations, they have clearly achieved that. Peace.
In 2017 the Trump Administration banned 7 countries and their citizens from immigrating to the United States. After a while, one of them got dropped, but the rest still persisted. This being Yemen, Somalia, Iran, Libya, Sudan and Syria. From these week again Sudan was targeted after been released for a little while. While they have now added Burma (Myanmar), Eritrea, Kyrgyzstan, Nigeria, Sudan, and Tanzania.
We can see what type of countries the Trump Presidency picks. However, what is more outrages about a few, is where the United States has bombed the places to pieces and still they will help the ones in need. This being Libya, Somalia and Yemen. The first ban of 2017 was called the Muslim ban. Now, people don’t even flinch.
The Trump Administration might talk security and their own sovereign safety. But, we can all bullshit on that one. Trump is only doing this to Whiten the population and stall more people to enter. Just like with the recent stop of birth-tourism ban too. It all follows a pattern. Where the certain type of people is picked out and they are barred from entering.
President Trump is the man of the Klan. His the man of the White Supremacist. Picking out Sudan again, taking Tanzania, Nigeria and Eritrea. While also stopping Burma (Myanmar) where the genocide on a Muslim is going on. Clearly, the US tries stifle them from entering, because they are from the “wrong” nations. That is the initial drive.
It is not about the capacities of people, this is not about education standards or anything else. This is a precondition of where they have resided and statehood before entering the Republic. Than, you know the credentials are quit clear. That its only set-up like this because of their colour and ethnicity.
Trump Presidency can play that off and act a fool. This is clearly aimed at firing up the base and lifting their spirit ahead of the elections. That is all, by also closing the borders for yet another group of nationalities. Which is very simple by just another Executive Order. Because, its not like he could have pulled this one through Congress. The President knows that, as he cannot govern like a President should.
The suspension and limitation is striking. The aim is there and the ones denying that is either naive, if not they are part of the Klan themselves. That is just the way it is.
We all know the drill. This is a tool for re-election. Nothing else, a racist motivated targeted, using migration and immigrants as a pawn in the game for a populistic approach. Nothing else. Which the President has done all along. With his child-separation at the Southern Border and so-on. There is nothing human about these policies, only a cynic racist motivated approach to win the white supremacy base in the United States.
The extreme Alt-Right, which combined with the far-right evangelicals doesn’t care that they are electing a crook and drifter at the White House. As long as they are getting a few of their songs played on the radio, now and then. Peace.
Umkulu camp, located some 10 kilometres from the Red Sea port town of Massawa, is Eritrea’s only refugee camp.
Umkulu camp, located some 10 kilometres from the Red Sea port town of Massawa, is Eritrea’s only refugee camp. As of mid-June, the camp hosted more than 2,100 Somali refugees. Of these, 1,300 people have now arrived in northern Ethiopia.
“We call on the Eritrean authorities to continue to work with us on securing protection and solutions for refugees who remain in the country,” said Raouf Mazou, Director of UNHCR’s Regional Bureau for Africa.
“Closing a camp which has hosted Somali refugees for close to twenty years without offering alternatives raises serious concerns,” UNHCR’s Mazou added.
UNHCR is coordinating with the Ethiopian authorities to relocate the 1,300 refugees who arrived in Ethiopia away from the border and to transfer them to Melkadida in the Southern part of the country. The first relocations are expected to start on Wednesday, 3 July 2019.
Ethiopia is host to some 257,000 Somali refugees.