NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

A new Oxfam report highlights that between $24 billion and $41 billion in climate finance disbursed by the World Bank over the past seven years remains unaccounted for, largely due to inadequate record-keeping and limited transparency practices.

This staggering amount constitutes almost 40% of the Bank’s climate finance, raising serious concerns over accountability and impact as global leaders prepare for crucial climate discussions at COP29 in Azerbaijan.

Photo courtesy of Sadi Hockmuller.