International Aid Lost in Developing Countries

The World Bank reports that between $20 Billion to $40 Billion is lost to various types of corruption and other crimes each year in developing countries. The amount lost to corruption is equal to 20 to 40 percent of all international aid sent to developing countries each year.

Source:  Elizabeth Dwoskin, “The World Bank’s New Weapon Against Bribery: Shame,” Bloomberg Businessweek, June 4, 2012.