World Bank bureaucrats lost track of at least $24B in funds fighting climate change: ‘Could be twice or 10 times more’

The firm’s audit showed “an absence of traceable spending” over the past seven years– partly because of a strange bookkeeping technique in which the savings account for its environment funding at the time of a project’s authorization instead of at the time of project conclusion, according to the report launched recently.

“This is like asking your medical professional to analyze your diet plan only by taking a look at your grocery store checklist, without ever inspecting what actually ends up in your fridge,” stated Kate Donald, the head of Oxfam’s Washington DC office.

“This is an outrageous waste people taxpayers money on a useless woke political cause. It is an insult to the American people,” Nile Gardiner, the supervisor of the Margaret Thatcher Facility for Liberty at the Heritage Structure, informed The Post:

“The World Bank and all global organizations require to be totally held to account. Vast amounts of inefficient investing on left-wing, dynamic causes is essentially against the United States national interest,” added Gardiner, a previous elderly assistant to the late British head of state.

A May 2024 record by the Congressional Research Service shows the World Financial institution’s complete funding amounts to just except $320 billion, with United States taxpayers being or contributing left responsible for as high as $57 billion.

“There is no clear public document showing where this money went or exactly how it was made use of,” Oxfam stated in a news release, adding that it was even “unclear” whether funds sent out to poorer nations to fight global warming were also spent on environment change tasks.

A spokesperson for the Globe Financial institution claimed: “While we contest these findings, we value our continuous involvements with Oxfam and other civil society teams on our climate work and on pressing us to be a lot more transparent.”