UN chief says UN facing worst cash crisis in nearly 10 years

UN chief says UN facing worst cash crisis in nearly 10 years

Secretary-General Antonio Guterres warned Tuesday that the United Nations is facing its "worst cash crisis" in almost a decade because 64 of its 193 members have not paid their annual dues - including the United States, its largest contributor. As in, it might run out of it by Halloween.

Guterres said on Tuesday that the financial shortage in October could have reached 600 million dollars had the organisation not "contained expenditures globally from the beginning of the year". As a result, "we run the risk of depleting our backup liquidity reserves by the end of the month", he wrote.

By the end of September, Dujarric said, member states had paid only 70% of the total assessment for the regular budget, compared with 78% at the same time past year.

The United States is responsible for almost 28 per cent of the peacekeeping budget but has pledged to pay only 25 per cent - as required by U.S. law.

On Tuesday, Secretary-General Antonio Guterres warned of the "worst cash crisis facing the United Nations in almost a decade".

Member states have not been paying the organization owed monies, and it has affected the UN's bottom line. The UN will not publicly identify those countries, but sources told AFP the main culprits are the United States, Brazil, Argentina, Mexico and Iran.

The UN has a separate budget for peacekeeping operations, which also operates consistently in a deficit mode.

As of July 2019, the United Nations paid $1,428 a month to each soldier.

As India's Permanent Representative Syed Akbaruddin has repeatedly pointed out, this affects the countries contributing troops to United Nations peacekeeping operations that are owed millions to offset their expenses and salaries of the peace-keepers.

"The secretary-general therefore looks to member states to resolve the structural issues that underlie this annual crisis without further delay", Dujarric said.

Earlier in the year, President Donald Trump reportedly said the US was bearing an "unfair burden" of the cost of the United Nations, and called on the organisation to reform its operations.

He suggested costs could be cut by postponing conferences and meetings, reducing services, and restricting official travel and energy use.



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