Guterres: UN risks financial collapse if no action is taken

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Guterres: UN risks financial collapse if no action is taken
Photo: Henry Nicholls/AP/TT

The UN is facing financial collapse, Secretary-General António Guterres said in a letter seen by Reuters. If no action is taken, funding could run out in July.

“The crisis is deepening” and “will get worse in the near future,” he writes to the ambassadors of member states.

According to Guterres, the financial crisis is based on nonpayment and a budget rule that requires the UN to repay unspent funds.

The UN's largest contributor, the United States, is not mentioned by name. But Washington has broken with several UN bodies and has not paid its mandatory contributions to the UN's regular and peacekeeping operations.

Guterres offers two ways forward: Either everyone pays what they owe, or the UN's financial rules must be rewritten.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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