Press "Enter" to skip to content

UN Can run out of Cash by end of This month, States secretary Overall Guterres

The United Nations is conducting a deficit of $230 million, Secretary-General Antonio Guterres said on Monday, and might run out of cash by the end of October.

In a letter meant for the 37,000 employees in the UN secretariat and obtained by AFP, Guterres said unspecified” added stop-gap steps” would need to be obtained to guarantee salary and entitlements are paid.

“Member States have paid just 70 percent of the entire sum necessary for our normal budget surgeries in 2019. This translates into a cash deficit of $230 million at the end of September. We run the danger of tripping our backup liquidity reservations by the end of the month,” he wrote.

To reduce costs, Guterres mentioned postponing meetings and seminars and decreasing services, while also limiting official traveling to just crucial actions and taking steps to conserve energy.

Guterres had requested member nations earlier this season to upward contributions to the entire body to venture off cash flow issues, but they denied, a UN official said on condition of anonymity.

“The greatest responsibility for our fiscal health lies with Member States,” Guterres said.