WND By Owen Klinsky, Daily Caller News Foundation October 18, 2024
Audit confirms officials can't identify either the recipients or the use of the enormous sumUp to $41 billion of the funds distributed to climate causes by the World Bank between 2017 and 2023 are unaccounted for due to poor accounting standards, according to an audit from Oxfam International published Thursday.
The enormous sum represents almost 40% of the climate funds the Bank disbursed during the seven year time period, with World Bank data failing to show the recipients and uses of the money, the Oxfam investigation found.
"The Bank is quick to brag about its climate finance billions — but these numbers are based on what it plans to spend, not on what it actually spends once a project gets rolling," Kate Donald, head of Oxfam International's Washington D.C. Office, said in the release. "This is like asking your doctor to assess your diet only by looking at your grocery list, without ever checking what actually ends up in your fridge."
The auditors were unable to determine whether the climate cash was spent "on climate-related initiatives intended to help low- and middle-income countries protect people from the impacts of the climate crisis and invest in clean energy," according to Oxfam.
More:
https://www.wnd.com/2024/10/world-bank-loses-track-of-41-billion-handed-out-for-climate-ideologies/
