https://strangesounds.substack.com/p/how-do-you-lose-41-billion

The World Bank claims to have invested more than $100 billion in the effort to combat climate change. But a new report found that up to $41 billion of the bank’s spending on climate finance is impossible to track.

The Oxfam report, titled “Climate Finance Unchecked,” alleges that poor record-keeping practices at the World Bank make it “impossible” to verify its expenditures and impact on climate finance. The international lending institution publishes assessments of a project’s budgeted spending on climate finance, not how much money is actually spent. The report estimated the difference between budgeted and actual expenditures amounted to tens of billions of dollars over six years.

By analyzing over 180 projects, Oxfam concluded that the actual expenditure on a project typically differed from budgeted amounts by 26% to 43%. It used those figures to estimate that the World Bank’s claimed $104 billion in climate finance from 2017 to 2023, between $24 billion and $41 billion “is effectively unaccounted for.”

Get rid of all those freaking corrupt Organizations… All of them! Also the Pentagon…

Meanwhile, Members of Donald Trump's presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization…

Where do the funds Go? Q119 Follow The Money. Q464

u/#q119 u/#q464