World Bank bureaucrats lost track of $24 to $41 billion “fighting climate change”. I wonder if the big guy got his 10%.
Posted by freedomforall 1 week ago to Politics
Excerpt:
"Bungling World Bank bureaucrats lost track of at least $24 billion bankrolling the battle against climate change, according to a bombshell report by a left-leaning charity group.
An investigation by Oxfam revealed “poor record-keeping practices” by the DC-based international lender that resulted in anywhere between $24 billion and $41 billion in misplaced funds.
The agency’s audit showed “a lack of traceable spending” over the past seven years — partly because of an oddball accounting practice in which the bank accounts for its climate financing at the time of a project’s approval rather than at the time of project completion,…
In the report: Climate Finance Unchecked Oxfam discovered that it was extremely difficult to get simple answers:
“We had to sift through layers of complex and incomplete reports, and even then, the data was full of gaps and inconsistencies. The fact that this information is so hard to access and understand is alarming —it shouldn’t take a team of professional researchers to figure out how billions of dollars meant for climate action are being spent.
This could all be sorted out in five minutes. All it would take is for our governments to say “No more money for the World Bank until it sorts out reporting”, and next thing you know the World Bank would be filling out tax returns. But the odds of this happening are like an asteroid strike — unless Donald Trump wins the US election (above the margin of cheating). Mere mortal politicians who ask hard questions, not only risk their post-political Blob career with the UN-WEF-World-Bank-IMF-FAO-WHO-IAEA-or-OECD, they might feel the force of a World Bank report telling their citizens how they mismanaged their own economy, and who wants that?"
"Bungling World Bank bureaucrats lost track of at least $24 billion bankrolling the battle against climate change, according to a bombshell report by a left-leaning charity group.
An investigation by Oxfam revealed “poor record-keeping practices” by the DC-based international lender that resulted in anywhere between $24 billion and $41 billion in misplaced funds.
The agency’s audit showed “a lack of traceable spending” over the past seven years — partly because of an oddball accounting practice in which the bank accounts for its climate financing at the time of a project’s approval rather than at the time of project completion,…
In the report: Climate Finance Unchecked Oxfam discovered that it was extremely difficult to get simple answers:
“We had to sift through layers of complex and incomplete reports, and even then, the data was full of gaps and inconsistencies. The fact that this information is so hard to access and understand is alarming —it shouldn’t take a team of professional researchers to figure out how billions of dollars meant for climate action are being spent.
This could all be sorted out in five minutes. All it would take is for our governments to say “No more money for the World Bank until it sorts out reporting”, and next thing you know the World Bank would be filling out tax returns. But the odds of this happening are like an asteroid strike — unless Donald Trump wins the US election (above the margin of cheating). Mere mortal politicians who ask hard questions, not only risk their post-political Blob career with the UN-WEF-World-Bank-IMF-FAO-WHO-IAEA-or-OECD, they might feel the force of a World Bank report telling their citizens how they mismanaged their own economy, and who wants that?"
The next night you do the same thing with the same result and the next night...
Ask yourself this question; Would you be able to stop yourself from robbing banks?
That makes them quite different from 99.99% of people who might read this. No amount is enough for the parasites.
Following the money has taken on a whole new description!!
And with the laws concerning amounts of deposits and withdrawals that took place after 2001, it's getting much harder to keep track of the money, not easier.