Does much of the assistance to developing countries simply get stolen?

Does much of the assistance to developing countries simply get stolen?

• The IMF and World Bank are the world’s two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries. Cite concrete evidence that supports the assertion that much assistance to developing countries is simply stolen by officials. Determine other main factors that account for the misuse of these funds. Consider arguments for and against lending to developing countries by the IMF and the World Bank.