Scrutiny has intensified over the World Bank’s handling of climate funds, with a recent report by Oxfam revealing that between $24 billion and $41 billion in climate finance disbursed by the Bank over the past seven years remains unaccounted for.

This staggering amount, equivalent to nearly 40% of all climate funds disbursed by the Bank during this period, raises serious questions about transparency and accountability.

The World Bank has pledged over $100 billion to combat climate change, but a new report by Oxfam found that up to $41 billion of this spending is “effectively unaccounted for” due to poor record-keeping by the World Bank.

A World Bank insider, speaking on condition of anonymity, suggested the figure for the missing money “could be twice or 10 times more.”