The United Nations chief is warning that the world body faces “imminent financial collapse” unless its financial rules are overhauled or all 193 member nations pay their dues – a message likely directed at the United States and the billions it owes.
Secretary-General Antonio Guterres said in a letter to all UN member nations obtained Friday by The Associated Press that cash for its regular operating budget could run out by July, which could dramatically affect its operations.
“Either all member states honor their obligations to pay in full and on time – or member states must fundamentally overhaul our financial rules to prevent an imminent financial collapse,” he said.
While Guterres didn’t name any country in the letter, which was reported earlier by Reuters, the financial crisis comes as the US, traditionally the largest donor, has not paid its mandatory dues to the United Nations.
The US now owes USD 2.196 billion to the UN’s regular budget, plus it will owe USD 767 million for​The United Nations chief is warning that the world body faces “imminent financial collapse” unless its financial rules are overhauled or all 193 member nations pay their dues – a message likely directed at the United States and the billions it owes.
Secretary-General Antonio Guterres said in a letter to all UN member nations obtained Friday by The Associated Press that cash for its regular operating budget could run out by July, which could dramatically affect its operations.
“Either all member states honor their obligations to pay in full and on time – or member states must fundamentally overhaul our financial rules to prevent an imminent financial collapse,” he said.
While Guterres didn’t name any country in the letter, which was reported earlier by Reuters, the financial crisis comes as the US, traditionally the largest donor, has not paid its mandatory dues to the United Nations.
The US now owes USD 2.196 billion to the UN’s regular budget, plus it will owe USD 767 million for ​Latest News [ SOBAN NEWS: International and National ]
