UN Faces Imminent Financial Collapse, Secretary-General Warns
The United Nations is at risk of "imminent financial collapse" due to member states failing to pay their fees, Secretary-General António Guterres warned. In a letter to all 193 member states, Guterres stated that the UN faced a deepening financial crisis that threatened program delivery and that the organization's money could run out by July, according to the BBC. He urged member states to honor their mandatory payments or overhaul the organization's financial rules to avoid collapse.
The warning comes after the UN's largest contributor, the United States, refused to contribute to its regular and peacekeeping budgets and withdrew from several UN agencies, the BBC reported. Guterres emphasized the need for member states to fulfill their financial obligations to ensure the UN's continued operation.
The financial crisis is "deepening, threatening programme delivery," Guterres wrote in his letter, as reported by the BBC. The organization is urging member states to address the issue promptly to prevent a potential collapse of the UN's operations.
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