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

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

#41

Post by lbriner »

setgree wrote: post #31

That's a big number, but I'm not shocked by the error/graft, nor its source (poor accounting). A well-regarded development organization I used to work for went through a quiet reorganization in 2016 when a few million dollars came up missing. It turned out that just getting materials to rural places in Sub-Saharan Africa was really, really hard to do without graft along the way. I don't know how things ultimately res…

Deciding where to spend it is most certainly hard but accounting for it is very easy. Even if the money was $100K to Jimmy to get the stuff into Algeria, there would be some tracking and accountability.

It's weird that with the sort of numbers that could lift some countries out of poverty, we can't even write something down in a spreadsheet.

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

#42

Post by Retric »

cle wrote: post #38

> Activists are calling for the Global North to provide at least 5 trillion U.S. dollars annually in public finance to the Global South as a down payment on their climate debt to those least responsible for climate change but most affected by it. Huh? I'm pretty sure the Global South produces significantly more carbon emissions than the Global North. Like double. (Someone please correct me if I'm wrong?) From a quick…

Edit: NM, putting Australia but not China in the global north is an odd use of north and south.

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

#43

Post by BenjiWiebe »

starttoaster wrote: post #39
beejiu wrote: post #36

Earlier quoted context omitted.

It's still encrypted and you can still access it.

edit: Misinformation, the below user is mostly correct. It IS still less secure than a properly validated TLS connection though. The certificate is expired, your traffic to and from that site is not encrypted. If it were the case that your traffic could still be encrypted, what would even be the point of expiring the certificate? You're correct that you can still access it, over an unencrypted connection, however.

An expired certificate still encrypts your traffic. You might have to change settings or click through a scary warning in your browser, but other than that a certificate doesn't magically quit working as soon as it expires. The expiration date is arbitrary.

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

#44

Post by cle »

Retric wrote: post #42
cle wrote: post #38

> Activists are calling for the Global North to provide at least 5 trillion U.S. dollars annually in public finance to the Global South as a down payment on their climate debt to those least responsible for climate change but most affected by it. Huh? I'm pretty sure the Global South produces significantly more carbon emissions than the Global North. Like double. (Someone please correct me if I'm wrong?) From a quick…

Edit: NM, putting Australia but not China in the global north is an odd use of north and south.

Aren't China and India in the Global South? https://en.wikipedia.org/wiki/Global_North_and_Global_South

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

#45

Post by [deleted] »

c0brac0bra wrote: post #18
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.

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?

[deleted]

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

#47

Post by Arn_Thor »

cle wrote: post #38

> Activists are calling for the Global North to provide at least 5 trillion U.S. dollars annually in public finance to the Global South as a down payment on their climate debt to those least responsible for climate change but most affected by it. Huh? I'm pretty sure the Global South produces significantly more carbon emissions than the Global North. Like double. (Someone please correct me if I'm wrong?) From a quick…

The South emits a lot producing products consumed in the North

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

#48

Post by Retric »

cle wrote: post #44
Retric wrote: post #42

Earlier quoted context omitted.

Edit: NM, putting Australia but not China in the global north is an odd use of north and south.

Aren't China and India in the Global South? https://en.wikipedia.org/wiki/Global_North_and_Global_South

Personally I don’t think China is a developing economy at this point. ~25k per capita GDP (PPP) and sub 5% economy growth per year. India by contrast is just 11k per capita GDP (PPP).

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

#50

Post by ianeigorndua »

dosinga wrote: post #34
edm0nd wrote: post #24

Earlier quoted context omitted.

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?

Kenya is not a rich country, but hardly suffers from "civil wars, coups, and a starving population". Not all African countries do.

If you really believe that, you should take a look at the Wikipedia page of Kenya, especially the history section.
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