UN to run out of money by end of month, secretary general warns

UN to run out of money by end of month, secretary general warns
United Nations

[Ed. – Wouldn’t that be just awful?]

The United Nations could run out of money by the end of the month as it faces a near-unprecedented funding crisis, the secretary-general has warned.

Almost a third of member states have not paid their annual dues leading to a £1.3 billion black hole, António Guterres said in a statement on Tuesday.

The shortage of cash has meant vital staff vacancies have been left empty, travel limited to all but essential journeys and meetings deferred amid attempts to shore up the dwindling reserves. Staff have been warned there may be a default on salaries in November.

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Peace-keeping operations, which are paid for from a closed budget, could eventually be scaled back, Mr Guterres indicated.

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