Day: October 30, 2024
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Billions in Mismanaged Climate Funds Raise Questions on Accountability and Transparency
According to an Oxfam investigation, the World Bank mismanaged at least $24 billion in climate change money due to poor record-keeping and unusual accounting procedures. The missing cash result in an estimated $4 billion loss for the United States, the bank’s biggest shareholder. Despite the World Bank’s denials, Oxfam highlighted problems in getting spending data…
