Transparency – Summaries of news and views OnVenezuela https://onvenezuela.com Thu, 04 Feb 2021 13:23:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Transparency – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 A Call for Transparency in the Venezuelan Opposition https://onvenezuela.com/a-call-for-transparency-in-the-venezuelan-opposition/?utm_source=rss&utm_medium=rss&utm_campaign=a-call-for-transparency-in-the-venezuelan-opposition Thu, 04 Feb 2021 13:23:48 +0000 https://onvenezuela.com/?p=7375

This credibility relies not only on the international recognition granted by most of the international community but on the popular support that the Venezuelan people may give them. While the erosion of popular support is due to several factors, one of the most important is the notion that there’s widespread corruption in several levels of the caretaker government. Whether this is true or not, it’s not for me to say, what can be said is that this notion is gaining traction after some alleged corruption scandals have come up, greatly damaging the image of the Guaidó camp. By Carlos Rodríguez López. Full Text -> CaracasChronicles

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Elite Capture of Foreign Aid https://onvenezuela.com/elite-capture-of-foreign-aid/?utm_source=rss&utm_medium=rss&utm_campaign=elite-capture-of-foreign-aid Thu, 20 Feb 2020 05:56:06 +0000 https://onvenezuela.com/?p=1469

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 center known for bank secrecy and private wealth management, but no other financial centers. The estimates are not confounded b contemporaneous shocks such as civil conflicts, natural disasters, and financial crises, and are robust to instrumenting wit predetermined aid commitments. The implied leakage rate i around 7.5 percent at the sample mean and tends to increase with the ratio of aid to GDP. The findings are consistent with aid capture in the most aid-dependent countries. By Jørgen Juel Andersen, Niels Johannesen, Bob Rijkers. Full text-> World Bank Group

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