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Bangkok Post
Bangkok Post
World

Head of UN agency resigns after questions arise about loans

Grete Faremo, UN under-secretary general and then United Nations Office for Project Services executive director delivers a speech during the opening of the UN's new Climate Center, The United Nations Environment Program , in Copenhagen, Denmark, on April 26, 2022. (Photo: AFP)

NEW YORK: United Nations Secretary-General António Guterres asked a top official at a U.N. agency to resign Saturday, shortly after The New York Times published an article describing how the agency had given out $61 million in loans and grant money to a single British family, according to a senior UN official.

The United Nations Office for Project Services, a little-known agency for operational projects, ventured into territory no other UN agency had entered: teaming up with the private sector for profit in 2015 by operating like an investment bank.

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