The Politics of Funding: Cash Crisis at the United Nations – » The Australian Independent Media Network

The situation has duly worsened. On Monday, Guterres suggested the possibility that the UN would run dry of cash reserves by the end of October. In a letter to the 37,000 employees based at the UN secretariat, the secretary general explained that, “Member states have paid only 70 per cent of the total amount needed for our regular budget operations in 2019. This translates into a cash shortage of $230 million at the end of September. We run the risk of depleting our backup liquidity reserves by the end of the month.”

Of the current amount of some $1.3 billion owed to the UN by members, the US boasts the lion’s share of arrears at $1 billion. This figure of imbalance has not prevented Trump, from venting about other members. “So make all Member Countries pay, not just the United States!”

via The Politics of Funding: Cash Crisis at the United Nations – » The Australian Independent Media Network

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.