The World Bank's "Climate Change" Fund, worth $41 billion, has vanished.

Started by Olatunbosun, 2024-10-27 14:03

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

According to an inquiry, the globalist World Bank "misplaced" an astounding $41 billion in "climate change" money.

After looking into how the World Bank handled the money, Oxfam discovered that billions of dollars in "misplaced funds" had vanished.

There is "no clear public record showing where this money went or how it was used," according to investigators.

One of the main goals of the World Bank's founding was to lessen extreme poverty.

700 million people, or around 10% of the world's population, subsist on less than $2 each day.

Rich countries' taxpayer contributions provide the bank with funding.

Nonetheless, the World Bank has made the decision to shift 45% of its development financing from initiatives to combat poverty to globalist "climate change" plans.

The World Bank now sets aside about $40 billion annually to support initiatives related to the green agenda.

However, enormous quantities of money have suddenly gotten "misplaced" as the funds were diverted to "climate change" activities.
According to an Oxfam study of the World Bank's accounts, "misplaced funds" totaling anywhere from $24 to $41 billion are currently missing.

Oxfam claims that because of "poor record-keeping practices," it is impossible to find the missing funds.

These were probably stolen funds.

According to Oxfam, "between $24 billion and $41 billion in climate finance went unaccounted for between the time projects were approved and when they closed," according to an audit of the World Bank's climate finance portfolio conducted from 2017 to 2023.
"Any evaluation of its effects is impossible because there is no transparent public record demonstrating where this money went or how it was spent.

Additionally, it's still unclear if these money were actually used for climate-related projects meant to assist low- and middle-income nations in investing in clean energy and safeguarding their citizens from the effects of the climate catastrophe.

Kate Donald, the head of Oxfam International's office in Washington, D.C., issued the following statement:

"The Bank likes to boast about its billions in climate finance, but these figures are based on what it intends to spend rather than what it actually spends after a project starts.
It would be equivalent to asking your doctor to evaluate your diet based only on your shopping list without ever inspecting what really ends up in your refrigerator.

The unelected officials at the World Bank have been unable to provide an explanation for the missing funds or even address the accusations.

The New Collective Quantified target (NCQG), a new global climate financing target, will be negotiated in Azerbaijan next year, bringing together climate bureaucrats, celebrities, world leaders, and poorer countries.

Every year, the poorer countries will demand $5 trillion in public funds for the Global South.
This payment to the nations, individuals, and communities purportedly most impacted by "climate change" is being referred to as "a down payment towards their climate debt."

Donald said, "Yes, we know it's difficult to deliver, and climate finance is scarce."

But failing to keep track of where and how the funds are really spent?

That is a serious betrayal of confidence that could jeopardize the progress we need to accomplish at COP this year. It's not just a bureaucratic blunder.

"The Bank must act as though addressing the climate crisis is essential to our future, because it is."
Not a valid attachment ID.

[attachment deleted by admin]