Snow money (deliquested funds, wasted development aid funds)

A malicious term for misappropriated development aid funds, especially in relation to the African continent. Payments in the course of development aid were mostly transferred to accounts of ministries. From there, the money often enough disappeared into murky channels, only to reappear in accounts of African potentates (power-crazed potentates), especially in Switzerland. – In many places, it is still not possible to directly allocate amounts from development aid to small and medium-sized local businesses or to agricultural cooperatives due to legal barriers, because this is seen as unwanted interference (undesirable meddling) in the economic policy of the country concerned. – See inoculated capital.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/