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UN risks 'imminent financial collapse', secretary general warns
The United Nations is at risk of "imminent financial collapse" due to member states not paying their fees, the body's head has warned.
António Guterres said the UN faced a financial crisis which was "deepening, threatening programme delivery", and that money could run out by July.
He wrote in a letter to all 193 member states that they had to honour their mandatory payments or overhaul the organisation's financial rules to avoid collapse.
It comes after the UN's largest contributor, the US, refused to contribute to its regular and peacekeeping budgets, and withdrew from several agencies it called a "waste of taxpayer dollars". Several other members are in arrears or are simply refusing to pay.
Guterres warns of UN’s ‘imminent financial collapse’
The UN chief has told member states that the organization is at risk of “imminent financial collapse,†citing unpaid fees and a budget rule that forces the global body to return unspent money, a letter seen by Reuters on Friday showed.
UN Secretary-General Antonio Guterres has repeatedly spoken about the organization’s worsening liquidity crisis but this is his starkest warning yet, and it comes as its main contributor the United States is retreating from multilateralism on numerous fronts.
“The crisis is deepening, threatening programme delivery and risking financial collapse. And the situation will deteriorate further in the near future,†Guterres wrote in a letter to ambassadors dated January 28.
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