The World Bank addressed recent claims suggesting that a significant sum of its climate finance funds, ranging between $24 and $41 billion, was not properly tracked or misplaced. The organization firmly refuted these allegations, emphasizing the accuracy and transparency of its financial management.
According to the statement from the World Bank, "Despite some claims, $41 billion in climate funds did not go missing in the World Bank. Any claims of missing or unaccounted money are simply false." The institution stressed that it maintains rigorous oversight over its budget allocations and operations.
The World Bank assured stakeholders that every dollar is accounted for, with financials undergoing independent annual audits. These audited reports are made publicly accessible to ensure transparency and accountability in their operations.