an anti-corruption commission discovered $220 billion in Nigeria alone
The stolen fortune tallies almost exactly with the £220 billion of western aid given to Africa between 1960 and 1997. That amounted to six times the American help given to post-war Europe under the Marshall Plan. [italics added]the scale of corruption led to measures to better monitor aid and recover money already stolen.
similarly, the effectiveness of the well-intentioned 1985 live aid can be questioned.
jacob weisberg over at slate examines the proposed actions (debt forgiveness, trade and more aid) with a skeptical eye. weisberg favors trade tweaks and programs similar to president bush's Millennium Challenge Account (with better execution necesary).

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