World Bank criticised over climate crisis spending

Oxfam research suggests up to 40% of bank's reported climate-related spending cannot be accounted for

The World Bank has come under fire for failing to show that its claimed spending on the climate crisis is real, in a report suggesting up to 40% of its reported climate-related spending is impossible to account for.

Of $17.2bn that the World Bank reported it spent on climate finance in 2020, up to $7bn cannot be independently verified, according to research by Oxfam.