World Bank under scrutiny over more than $24B in unaccounted CLIMATE FUNDS
By avagrace // 2024-11-29
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The globalist World Bank is under scrutiny over more than $24 billion in unaccounted climate funds.

The organization Oxfam disclosed this in an Oct. 17 report on its website, revealing that between $24 billion and $41 billion earmarked for climate finance went unaccounted for between the time projects were approved and when they closed. This finding followed an audit of the World Bank's climate finance portfolio between 2017 and last year. The $41 billion maximum account constituted almost 40 percent of all climate funds disbursed by the World Bank for the past seven years. The Oxfam report titled "Climate Finance Unchecked" pointed to "poor record-keeping practices" by the World Bank as the culprit. An insider from the globalist financial institution who spoke on condition of anonymity suggested that the figure for the missing money "could be twice or 10 times more." "All the figures are routinely made up," the source said. "Nobody has a clue about who spends what." According to the Daily Expose, "the World Bank has pledged over $100 billion to combat climate change." But given Oxfam's concerning report, scrutiny over how the financial institution handled climate funds has intensified. (Related: World Bank launches plan to decimate global farming under excuse of cutting carbon emissions.) "The report alleges that the World Bank's current approach to tracking climate finance is flawed and makes it impossible to verify its expenditures and impact," the Expose continued. "Specifically, [its] accounting system – which tracks climate finance at the time of project approval rather than project completion – makes it difficult to verify how funds were spent." Oxfam ultimately warned in its report that "the lack of traceable spending could undermine trust in global climate finance efforts at this critical juncture."

Even obtaining the most basic info from the World Bank is a Herculean task

Kate Donald, head of Oxfam International's Washington, D.C. office, lamented how difficult it was to obtain even the most basic information from the World Bank. "We had to sift through layers of complex and incomplete reports, and even then, the data was full of gaps and inconsistencies. The fact that this information is so hard to access and understand is alarming. It shouldn't take a team of professional researchers to figure out how billions of dollars meant for climate action are being spent," she said "The [World 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. This is like asking your doctor to assess your diet only by your looking at your grocery list, without ever checking what actually ends up in your fridge." Donald continued: "Climate finance is scarce, and yes, we know it's hard to deliver. But not tracking how or where the money actually gets spent? That's not just some bureaucratic oversight. It's a fundamental breach of trust that risks derailing the progress we need to make." She concluded by reiterating that the World Bank needs to make details about its climate funds "transparent and accessible to anyone, most importantly communities who are meant to benefit from climate finance." She also called on the financial institution to "act like our future depends on tackling the climate crisis, because it does." Head over to Climate.news for more stories like this. Watch this video that explains the covert objectives of climate conferences. This video is from the Secret Harbour Sessions channel on Brighteon.com.

More related stories:

EPA using federal money to fund "climate justice" group heavily engaged in Middle East political action. World Economic Forum tells governments and corporations: Spend $3.5 TRILLION ANNUALLY to "decarbonize" the planet. World Bank calls for global ban on vehicles with combustion engines, oblivious to the reality that electric vehicles aren't a viable alternative. Sources include SHTFPlan.com Oxfam.org Brighteon.com
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