United Nations could run out of money by end of this month, says Secretary-General Antonio Guterres
The United Nations is running a deficit of $230 million (€209 million) and could run out of money by the end of this month, Secretary-General Antonio Guterres said on Monday.
In a letter addressed to the 37,000 employees at the UN secretariat and obtained by AFP news agency, Guterres said unspecified “additional stop-gap measures” would have to be taken to ensure salaries and entitlements are paid.
“Member states have paid only 70% of the total amount needed for our regular budget operations in 2019. This translates into a cash shortage of $230 million at the end of September. We run the risk of depleting our backup liquidity reserves by the end of the month,” he wrote.
Postponing conferences, reducing services and restricting travel to only the necessary may be needed to cut costs, Guterres said.
You may be interested
INSETE study: 20% growth in tourism arrivals in Greece during 2016-18 periodPanos - Oct 14, 2019
The latest study by the Greek Tourism Confederation’s (SETE) research arm, INSETE, on Wednesday revealed an increase in the number…
Weather forecast: Mostly fairPanos - Oct 14, 2019
Mostly fair weather and southerly winds are forecast for Monday. Wind velocity will reach 5 on the Beaufort scale. Scattered…