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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

#71

Post by fwip »

yarg wrote: post #66
beejiu wrote: post #36

Earlier quoted context omitted.

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

It's insane the way that browsers shit the bed if there's any issue with the certificate. Just throw in a big red exclamation point on top of the little padlock icon next to the URL bar - it's literally only there to inform the user about any potential security issues. Use it and (unless the site is known to be or obviously malicious) load the bloody page. Honestly, it's absolutely insane that the browser misrepresen…

You'd think they could give a less-scary warning for like, the first week after expiration. It's not really any less secure 2 days past expiry than it was 2 days before, and a grace period would give the host a bit more time to address these issues.

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

#72

Post by detourdog »

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?

This problem inspired this program at Williams college. The locals get the opportunity to interact with the students by attending or hosting functions.

One of the functions is each student presenting their country and their interests.

Always got the sense the program is to train public officials on proper methods of government.

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

#74

Post by mmooss »

candiddevmike wrote: post #5

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

Are you saying people in those countries will have a problem finding worthwhile investments?

The US spent ~$6 trillion in one year, 2023 [0] on ~330 million people. Billions live in the Global South and are in much greater need of resources, due to lack of accumulated capital investments.

[0] https://www.cbo.gov/publication/59727

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

#76

Post by fwip »

lbriner wrote: post #41
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.

I think the top-level spreadsheets are accurate - it's the spreadsheets five layers down that might have errors (intentional and otherwise).

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

#78

Post by mmooss »

wongarsu wrote: post #6
candiddevmike wrote: post #5

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

Healthcare, education, housing, food ...

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

#80

Post by partofthereason »

motohagiography wrote: post #23
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.

[dead]
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