The head of a U.N. agency that last year oversaw US$3.4 billion in projects around the world resigned on Sunday after auditors and news outlets questioned tens of millions of dollars in agency spending on a new impact-investing initiative.
Grete Faremo, executive director of the Copenhagen-based United Nations Office for Project Services, said she was stepping down immediately and hoped it would let her agency, known as UNOPS, "focus on its vital work" after the distraction of yet another one of the U.N.'s corruption-tinged spending scandals that have surfaced in various agencies over recent decades.
