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.

Related:

Comments

Latest news

United Kingdom launches first specialist clinic for game addiction
The clinic will require mental health nurses, but there are now 40,000 nursing positions waiting to be filled just in England. A Canadian law firm is now suing Epic Games for endangering two young people who have created Fortnite addiction.

Apple just finally added Spotify integration to Siri in iOS 13
In related news, Apple TV is also getting a Spotify app for the first time today, available for download via the tvOS App Store. Nonetheless, if you pay for Spotify's premium tier and say 'on Spotify , ' Siri works the same as it does with Apple Music.

Royal quartet to voice new TV mental health campaign in broadcasting first
We hope that this campaign will help increase public awareness of how we can all stay as mentally well as possible . This campaign is being implemented across the country by local authorities and local health services.

NASA to Once Again Attempt First All-Female Spacewalk
NASA says that ISS crew members have conducted 219 spacewalks in support of assembly and maintenance of the station. Meir said she does not think a lot about being one of two women on the space station. "We're part of the team".

Celebrities Who Suffer With Chronic Diseases
Now if that isn’t the epitome of what a BFF is, I don’t know what is! Selena continues to be on chronic medication. There is also a huge list of celebrities past like famous painter vincent Van Gogh who suffered with this disease.

Other news