Posted on 10/12/2019 12:00:57 AM PDT by DeathBeforeDishonor1
The United Nations (UN) is facing its worst cash crisis in nearly a decade because almost one-third of its member states have not paid their annual dues, according to Secretary-General Antonio Guterres.
Speaking in front of the UNs budget-setting Fifth Committee on Tuesday, Guterres said the situation was so desperate that last months General Assembly in New York was only possible because of emergency spending cuts made earlier in the year.
The organization is facing a severe financial crisis, Guterres said.
To be more specific, a severe liquidity crisis. The equation is simple: without cash, the budget cannot be properly implemented.
UN spokesperson Stephane Dujarric said in a statement published Tuesday that, by the end of September, member states had paid only 70% of the total assessment for the regular budget.
Vacant posts cannot be filled, travel will be limited to essential travel only, meetings may have to be canceled or deferred.
Guterres also warned that the situation would not only impact operations in the main hubs of New York, Geneva, Vienna and Nairobi, but also regional commissions.
(Excerpt) Read more at nytimes.com ...
To bad Obammy is still in the White House! He would write a check!
“...warns that staff could go unpaid”.
BS!
Read this:
https://www.aim.org/media-monitor/persistence-pays-off-on-un-issue/
“...However, Sid Preskitt, a citizen of Edgewater, Florida, recently scored a major victory when, after almost two years of trying, he managed to get the facts about this phony debt published in his local newspaper, the Daytona News-Journal. In a letter to the editor, Preskitt cited government reports indicating that the U.N. owed American taxpayers over $10 billion. In addition, while the U.N. has been claiming it is going bankrupt, Preskitt cited official figures form the world body showing that it has accumulated a pension fund for its own employees worth a staggering $15 billion.”
Sounds good to Me. Chop heads off the un workers for Pucks ?
LOL. I could get used to that. 😁👍
Nah, I think it should be a place to rehab the homeless. Get them off the street, the help they need, a place to stay, and a position in the workforce.
Off to Brussels then.
No paid travel. Use skype and the internet.
Close down any department that is out of funding.
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