GENEVA: The UN chief has instructed states that the organisation is liable to “imminent monetary collapse”, citing unpaid charges and a funds rule that forces the worldwide physique to return unspent cash, in response to a letter seen by Reuters on Friday (Jan 30).
“The disaster is deepening, threatening programme supply and risking monetary collapse. And the state of affairs will deteriorate additional within the close to future,” United Nations Secretary-Common Antonio Guterres wrote in a letter to ambassadors dated Jan 28.
The UN is going through a money disaster because the world physique’s largest contributor – america – has slashed voluntary funding to UN businesses and refused to make necessary funds to the UN’s common and peacekeeping budgets.
Within the letter, Guterres stated “choices to not honour assessed contributions that finance a big share of the accredited common funds have now been formally introduced.”
It was not instantly clear which state or states he was referring to and a UN spokesperson was not instantly out there for remark.
“Both all Member States honour their obligations to pay in full and on time – or Member States should essentially overhaul our monetary guidelines to stop an imminent monetary collapse,” he stated, warning that money might run out by July.
