Bank fund repays $1.2 million to Norway after misspending REDD funds

Published 11:17 on November 1, 2019  /  Last updated at 17:05 on November 1, 2019  /  Africa, EMEA, International, REDD  /  No Comments

The African Development Bank (AfDB) has over the past few months paid back NOK 11 million ($1.2 mln) to Norway after one of the funds it manages was found to have misspent funds meant to pay for forest protection, Norwegian development agency Norad said this week.

The African Development Bank (AfDB) has over the past few months paid back NOK 11 million ($1.2 mln) to Norway after one of the funds it manages was found to have misspent funds meant to pay for forest protection, Norwegian development agency Norad said this week.

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