Tuesday, 8 May 2012

UN organization protecting Mediterranean runs aground on 18-year bookkeeping mess

The United Nations Environmental Program (UNEP), a organization leading the charge for a radical reorganization of "global environmental governance," has added another item to its list of administrative fiascos:  this time, over how it has been protecting the Mediterranean Sea.
According to internal documents obtained by Fox News, a UNEP-administered program to protect the Mediterranean and its coasts overspent its budget by $5.1 million from 1994 to 2011 -- equivalent to about a quarter of its entire budget for 2010-2011 -- through a rudimentary accounting error that went undetected for most of the 18 years.  The cumulative error punched a major hole in the program's budget.

No comments: