United Nations could run out of money by end of this month, says Secretary-General Antonio Guterres

9 October 2019
358 Views

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

Athens reacts strongly to the Turkish provocation in Kastellorizo: “Those responsible should be brought to justice”
DEFENCE
shares6 views
DEFENCE
shares6 views

Athens reacts strongly to the Turkish provocation in Kastellorizo: “Those responsible should be brought to justice”

Panos - Sep 28, 2020

A statement condemning the insult of the Greek flag in Kastellorizo ​​by Turkish nationalists was issued by the Greek Foreign Ministry, noting that actions…

Kastellorizo: Drone with loudspeakers play Turkish national anthem & someone vandalized Greek flag
GREECE
shares6 views
GREECE
shares6 views

Kastellorizo: Drone with loudspeakers play Turkish national anthem & someone vandalized Greek flag

Panos - Sep 28, 2020

The Turks continue to provoke, targeting Kastellorizo ​​once again. At 07:00 on Saturday morning, the residents of the island were…

Weather forecast: Partly cloudy
GREECE
shares11 views
GREECE
shares11 views

Weather forecast: Partly cloudy

Panos - Sep 28, 2020

Partly cloudy and southwesterly winds are forecast for Monday. Wind velocity will reach 5 on the Beaufort scale. Mostly fair…

Leave a Comment

Your email address will not be published.