Washington, Oct 17, 2024 (AFP) - Almost 40% of World Bank's recent climate funds unaccounted for: Oxfam

NAMPA / AFP

2024-10-17

Close to 40 percent of World Bank climate financing over the past seven years is currently unaccounted for, Oxfam said in a new report published Wednesday, blaming poor record-keeping. An Oxfam audit of the development lender's climate finance portfolio between 2017 and 2023 found that as much as $41 billion in climate finance could not be found "between the time projects were approved and when they closed." "The Bank is quick to brag about its c......

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