The United Nations has an overall annual operating budget of several billion dollars, covering everything from humanitarian work to disarmament, but right now, it's just trying to make sure its employees get paid after this month.
How did the world body end up more than USD 200 million in the red? The answer: member states who have not paid their expected contributions, including the United States.
On Tuesday, Secretary-General Antonio Guterres warned of the "worst cash crisis facing the United Nations in nearly a decade."
He cautioned the UN "runs the risk of depleting its liquidity reserves by the end of the month and defaulting on payments to staff and vendors."
In his statement on Tuesday, Guterres thanked the 129 member states who have paid up "and urged those who have not paid to do so urgently and in full."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app