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UN facing worst cash crisis in nearly 10 years

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Christian Fernsby ▼ | October 9, 2019
Secretary General Antonio Guterres warned that the UN is facing its "worst cash crisis" in nearly a decade.
Antonio Guterres
World   64 of its 193 members have not paid their annual dues
64 of its 193 members have not paid their annual dues including the US, its largest contributor.

Topics: Cash crisis

UN spokesman Stephane Dujarric said the secretary general has written to all members saying "the organization runs the risk of depleting its liquidity reserves by the end of the month and defaulting on payments to staff and vendors."

By the end of September, Dujarric said, member states had paid only 70 percent of the total assessment for the regular budget, compared with 78 percent at the same time last year.

According to the UN, 129 countries had paid $1.99 billion in dues for the UN's 2019 operating budget by Tuesday. It said $1.386 billion is owed for this year.