19 November 2017
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Greek foreign ministry recovers €3,6M unused funds

08 November 17 - RE+D Magazine
Greek foreign ministry recovers €3,6M unused funds

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Antulio Richetta

Director IBI Group
The foreign ministry said on Tuesday it had recovered 3,590,957 euros from funds that had been allocated to finance a range of programs, within the framework of a Memorandum of Understanding (MoU) signed between Greece and the African Union in 2008, which were never implemented.

 

The sum was uncovered after a thorough search by the relevant ministry services, headed by Ambassador Nikolaos Vamvounakis, who discovered that the programs in question had never been implemented because the then-government had not bothered to monitor and inspect the implementation of the agreement, signed on September 9, 2008.

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