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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

#21

Post by mistrial9 »

the readers here are being "chumped" IMHO .. lots of comments fall hook, line and sinker for an obvious rage-bait. Does not the article say that these are "declared allocated" but not yet dispersed? Is this related to the multi-hundred billions pledged through the Paris Accords system that have not actually been applied to anything yet?

Intelligent people here are quick to jump on a 2-dimensional puppet headline to provoke the predictable canned outrage.

Yes, outrage is certainly appropriate .. daily oil profits? wasteful and unrelenting energy practices across civilization?

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

#22

Post by situationista »

riazrizvi wrote: post #11

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.

I don't read this as a problem of fraud within Oxfam. They audited the World Bank and found there was fraud in the bank. Or am I missing something?

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

#23

Post by motohagiography »

haccount wrote: post #4

[flagged]

The world bank used to just pay off autocrats under the guise of indebting their countries for "infrastructure," and for policy concessions to foreign extractive industries. Activists complained until they had control, and have clearly cut out the middle men and are looting it for themselves. POSIWID.

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

#24

Post by edm0nd »

riazrizvi wrote: post #11

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.

Seems like they are based in Kenya and fraud/corruption is rampant in some of these African nations. Really sad but its seemingly been like this for so long which is why many of the countries there are in constant civil wars, coups, and their populations poor/starving.

If hundreds of billions of dollars in aide over 2 decades isn't fixing these nations, what will?

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

#26

Post by candiddevmike »

edm0nd wrote: post #24
riazrizvi wrote: post #11

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.

Seems like they are based in Kenya and fraud/corruption is rampant in some of these African nations. Really sad but its seemingly been like this for so long which is why many of the countries there are in constant civil wars, coups, and their populations poor/starving. If hundreds of billions of dollars in aide over 2 decades isn't fixing these nations, what will?

Is there overlap between what you think needs to be fixed vs what the folks in those African countries think needs to be fixed?

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

#29

Post by starttoaster »

LorenPechtel wrote: post #16
solarpunk wrote: post #10

getting an invalid cert warning when heading to this domain

Yeah--it's expired. One of the pitfalls of the push to encrypt everything.

One of the pitfalls of not using commonly available certificate renewal and rotating services.

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

#30

Post by NoboruWataya »

javajosh wrote: post #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 e…

Here's the page on the Oxfam website: https://www.oxfam.org/en/press-releases/41-billion-world-ban...

It links to a report which seems to be the main publication, but frankly is very light on details of their audit. Also a lot of the claims are very strangely phrased which makes it difficult to figure out if the criticisms are legitimate or overblown.

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