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Up to $41B in World Bank climate finance unaccounted for, Oxfam finds

oxfam.org

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Re: Up to $41B in World Bank climate finance unaccounted for, Oxfam finds

#13
post #6

What is the Global South going to spend $4 trillion on?

I imagine flood mitigation for population centers, hydroelectric dams, renewable energy, electricity grids, rail lines and public transportation, etc

That's what's on the label, but clearly not what's in the tin.

Re: Up to $41B in World Bank climate finance unaccounted for, Oxfam finds

#14
> In October [2021], David Beasley, head of the U.N. food agency, tweeted a cheeky congratulations to Musk for reportedly earning $36 billion in a single day. "1/6 of your one-day increase would save 42 million lives that are knocking on famine's door," he wrote.

> A few days later, Musk tweeted: "If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it."

Last I heard he owed $11B to the US Gov in taxes in 2021, I hope it was put to good use.

Re: Up to $41B in World Bank climate finance unaccounted for, Oxfam finds

#18

Some context, Oxfam isn't a perfect organization. They struggle with fraud and graft. This is a part of their ongoing effort to reduce it, and sometimes yes that does mean pointing the finger past themselves too.

Remind me what happens to a US citizen if our personal finances "struggle with fraud" and unaccountability to the tune of 40% when it comes to the IRS?

Re: Up to $41B in World Bank climate finance unaccounted for, Oxfam finds

#20
I wish this was a link to the original Oxfam audit. It's strange to me that an audit would say that there's somewhere between $23 and $41 billion missing. If the audit really knew what it was doing, wouldn't it have a more precise number What is unaccounted for?

That said, it's high-time for organizations like the World Bank to have fully transparent finances. Like, I should be able to go to a website and see where every single dollar is being spent. I say this as someone who's a citizen of a country who contributes heavily to the org And therefore, I think I have a right to know where my money's going.

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