United Nations faces ‘imminent financial collapse’ without urgent action, UN chief says

By Edith M. Lederer 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 U.N. 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…

This content is for Yearly Subscription, Yearly Subscription – Corporate, Print Subscription Only, and Canada Print and Online members only.
Register
Already a member? Log in here

Add Your Voice

Is there more to this story? We'd like to hear from you about this or any other stories you think we should know about. Contribute your voice on our contribute page.