development agency Sida lose big money because of lack of expertise in the currencies and exchange. It shows a study by the National Audit Office made.
Last year lost Page Six million because of poor exchange rates and another 33 million in project funds that are not hedged. It writes Swedish newspaper Svenska Dagbladet.
The money lands in the bank’s pockets, says Auditor Claes Norgren to the Swedish newspaper Svenska Dagbladet.
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