World Bank bureaucrats lost track of $24 to $41 billion “fighting climate change”. I wonder if the big guy got his 10%.

Posted by freedomforall 1 month, 1 week ago to Politics
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Excerpt:
"Bungling World Bank bureaucrats lost track of at least $24 billion bankrolling the battle against climate change, according to a bombshell report by a left-leaning charity group.

An investigation by Oxfam revealed “poor record-keeping practices” by the DC-based international lender that resulted in anywhere between $24 billion and $41 billion in misplaced funds.

The agency’s audit showed “a lack of traceable spending” over the past seven years — partly because of an oddball accounting practice in which the bank accounts for its climate financing at the time of a project’s approval rather than at the time of project completion,…

In the report: Climate Finance Unchecked Oxfam discovered that it was extremely difficult to get simple answers:

“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.

This could all be sorted out in five minutes. All it would take is for our governments to say “No more money for the World Bank until it sorts out reporting”, and next thing you know the World Bank would be filling out tax returns. But the odds of this happening are like an asteroid strike — unless Donald Trump wins the US election (above the margin of cheating). Mere mortal politicians who ask hard questions, not only risk their post-political Blob career with the UN-WEF-World-Bank-IMF-FAO-WHO-IAEA-or-OECD, they might feel the force of a World Bank report telling their citizens how they mismanaged their own economy, and who wants that?"
SOURCE URL: https://joannenova.com.au/2024/10/just-like-that-world-bank-bureaucrats-lost-track-of-24-to-41-billion-fighting-climate-change/


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  • Posted by j_IR1776wg 1 month, 1 week ago
    Supposing you were a bank robber and one night you went to a bank and found the door unlocked and the vault opened. You then scooped up arms full of hundred dollar bills and ran home. When you woke up the next day, you found no news stories about a robbery and no cops banging on your door.

    The next night you do the same thing with the same result and the next night...

    Ask yourself this question; Would you be able to stop yourself from robbing banks?
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    • Posted by 1 month, 1 week ago
      You left out the likelihood that the parasites doing the robbing are sociopaths who have no ethics or morals or conscience.
      That makes them quite different from 99.99% of people who might read this. No amount is enough for the parasites.
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  • Posted by $ SpiritWoman 1 month, 1 week ago
    I talked once to a Bank of America accountant who said (This was in the 80's sometime) that they expect the accounts the bank, in whole, to be off about $10 million, give or take. Still, $10 million is not even close to $40 billion.
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