UN faces ‘worst cash cri­sis’ in decade

The Korea Times - - WORLD -

UNITED NA­TIONS (AP) — Sec­re­tary-Gen­eral An­to­nio Guter­res warned Tues­day that the United Na­tions is fac­ing its “worst cash cri­sis” in nearly a decade be­cause 64 of its 193 mem­bers have not paid their an­nual dues — in­clud­ing the United States, its largest con­trib­u­tor.

U.N. spokesman Stephane Du­jar­ric said the sec­re­tary-gen­eral has writ­ten to all mem­bers say­ing “the or­ga­ni­za­tion runs the risk of de­plet­ing its liq­uid­ity re­serves by the end of the month and de­fault­ing on pay­ments to staff and ven­dors.”

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 last year.

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