Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    African leaders commit to ending AIDS among children by 2030

    February 2, 2023

    Etihad Airways increases its frequency to Frankfurt

    February 2, 2023

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023
    Facebook Twitter Instagram
    Syria News FlashSyria News Flash
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Syria News FlashSyria News Flash
    Home » The head of a UN agency resigns after an investigation of its investments
    News

    The head of a UN agency resigns after an investigation of its investments

    May 9, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Antonio Guterres accepted on Sunday the resignation of a United Nations agency head with a history of questionable investments under investigation. Former Norwegian minister of justice and public safety, Grete Faremo, has served as UN Office for Project Services‘ deputy undersecretary-general and executive director since August 2014. Located in Copenhagen, the office provides infrastructure, procurement, and project management services for a more sustainable future.

    The head of a UN agency resigns after an investigation of its investmentsIn the midst of media reports suggesting the agency had made a series of bizarre financial decisions that led to $25 million in losses, Faremo resigned. This report follows a piece by Brussels-based writer Ilya Gridneff titled: “What went wrong with UNOPS’ ambitious impact-investing initiative?” A Singapore-based company was given tens of millions of dollars to develop plans to build more than 1 million affordable homes across six countries, according to the article. UNOPS is owed tens of millions of dollars today, and no houses have been built,” it said.

    The agency is taking steps to recover all outstanding amounts regardless of the source of the activities, according to an unidentified spokesperson to Devex. An internal UN watchdog had been investigating the transactions. Stephane Dujarric, UN spokesman, said Faremo’s resignation took effect Sunday. Until a successor executive director is recruited, Jens Wandel, a former special adviser to the secretary-general on reforms, will serve as acting head of the agency.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    Pakistan mosque suicide bombing death toll rises to 88

    January 31, 2023

    Somalia faces famine as US urges more donation

    January 30, 2023

    Somalia faces famine as US urges more donation

    January 30, 2023

    Suicide bomber kills 20 and injures 96 at mosque in Pakistan

    January 30, 2023
    Latest News

    African leaders commit to ending AIDS among children by 2030

    February 2, 2023

    Etihad Airways increases its frequency to Frankfurt

    February 2, 2023

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023

    Outstanding operational performance by Etihad Cargo in 2022

    February 1, 2023

    Indian FM presents $550 billion progressive and inclusive Union Budget

    February 1, 2023

    Vietnam-India bilateral trade reached record levels in 2022

    February 1, 2023

    Djokovic tops ATP rankings, Sabalenka No. 2

    January 31, 2023
    © 2021 Syria News Flash | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.