The IMF and World Bank are the world's two leading lending institutions, but, as Acemoglu and Robinson argue convincingly in Why Nations Fail, much

The IMF and World Bank are the world's two leading lending institutions, but, as Acemoglu and Robinson argue convincingly in Why Nations Fail, 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. include refrences please