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War on corruption has impoverished many African esp. West African countries. A new government spend the first half of their term 'fighting' corruption i.e tryi
by phr4ts 9y ago
War on corruption has impoverished many African esp. West African countries.
A new government spend the first half of their term 'fighting' corruption i.e trying to recover the looks of the previous government.
Whether the recovered loot is not used for the benefit of the country is debatable.
However, this new government uses it's remaining term to siphone and hide it's loots in Switzerland, Hong Kong - outside the country.
Why?
Because the next government could, usually seizes houses, companies, bank accounts in the country.
The next insurance for these thieves in authority is to NEVER leave government.
Thus, they keep looting and exporting the country's wealth - lowering the exchange rate, necessitating even larger thefts and government borrowing.