UN agency boss quits after New York Times raises eyebrow at her office’s bad loans
United Nations Secretary-General António Guterres asked a top official to resign on Saturday, hours after questions were raised about the investment practices of the little-known branch of the organization she had run for nearly eight years.
Faremo, one of the UN’s highest-ranking officials, wrote in a letter to her staff that without “knowing the full story, it happened on my watch.” After Faremo met a British businessman at a party in 2015, thereported on Saturday, her agency began to sink tens of millions of dollars into renewable energy and sustainable housing projects connected to the man, with little to show for it.
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