“World Bank bureaucrats lost track of at least $24B in funds fighting climate change” - IAN McCoy

“Does any one know where the money went?” your team might be more aggressive. - Stephen Heins

‘Could be twice or 10 times more’...
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, according to the report released in 2024.

• “This is like asking your doctor to assess your diet only by looking at your grocery list, without ever checking what actually ends up in your fridge,” said Kate Donald, the head of Oxfam’s Washington DC office.
• A World Bank insider, speaking on condition of anonymity, suggested the figure for the missing money “could be twice or 10 times more.” 
• “All the figures are routinely made up,” the source said. “Nobody has a clue about who spends what.”...