CrimsonPhantom
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UN warns it is 'running out of cash' in urgent appeal to members
Quote:UNITED NATIONS – United Nations Secretary-General Antonio Guterres says the U.N. is running out of money and is urging members to pay up amid a looming financial crisis for the international body.
In a letter to staff this week, seen by Fox News, Guterres says he has warned member states of a “troubling financial situation facing the United Nations," which he says is caused by late payments to the U.N. by member states.
“Our cash flow has never been this low so early in the calendar year, and the broader trend is also concerning; we are running out of cash sooner and staying in the red longer,” he says.
Guterres went on to say that the organization will be taking measures to look at reducing costs, in a way that won’t affect their mission. He said he also will be proposing to states various steps to strengthen financial stability at the U.N.
Trump administration threats to cut funding do not appear to be directly linked to the cash crunch.
While the administration has been eyeing carefully its payments to various U.N. funds and agencies, the U.S. has not yet reduced or delayed its payments to the budget, though due to the fall start of the U.S. fiscal year, payments usually come later in the year.
Secretary-General spokesman Stephane Dujarric told reporters Thursday that the issue is “late payments and payments not yet received to the regular budget.”
“Late payment has an impact obviously on our cash flow. It may have an impact on our ability to deliver mandates,” he said.
However, Hugh Dugan, a former U.S. diplomat at the U.N., said that other countries could be mimicking what is perceived as the U.S. backing away from its commitments at the body of diplomacy and international relations.
“A look at the record shows that Trump has continued to fund it at historic levels, chose it to sanction North Korea, and uses it as a platform to defend Israel. However, there is a wide misperception fed by Trump detractors and a combative media that his Administration has walked away from the U.N.,” Dugan, who is also a professor at Seton Hall University’s School of Diplomacy and International Relations, said.
“Other countries mimic the U.S., and what they hear has led them to go slow on support and check writing,” he said.
Link
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07-27-2018 01:45 PM |
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Lord Stanley
L'Étoile du Nord
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RE: UN warns it is 'running out of cash' in urgent appeal to members
Couldn't have happened to a nicer guy.
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07-27-2018 02:10 PM |
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JMUDunk
Rootin' fer Dukes, bud
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UN warns it is 'running out of cash' in urgent appeal to members
Guess they won’t be able to afford to not pay their parking tickets and meet to condemn Israel twice a month any longer...
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07-27-2018 02:15 PM |
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UofMstateU
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RE: UN warns it is 'running out of cash' in urgent appeal to members
While the administration has been eyeing carefully its payments to various U.N. funds and agencies, the U.S. has not yet reduced or delayed its payments to the budget, though due to the fall start of the U.S. fiscal year, payments usually come later in the year.
So, in summary, there was no cash flow issue during the period when the US funding was coming in, but there is a serious cash flow issue during the period the other countries are supposed to be coughing up their fair share.
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07-27-2018 02:16 PM |
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olliebaba
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RE: UN warns it is 'running out of cash' in urgent appeal to members
“Late payment has an impact obviously on our cash flow. It may have an impact on our ability to deliver mandates,” he said.
'This is an order!'
"Um sir, do you want fries and soda with that order?"
Mandates...and what will they do if no one obeys those mandates? Not pay their bills?
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07-27-2018 02:30 PM |
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HuskyU
Big East Overlord
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RE: UN warns it is 'running out of cash' in urgent appeal to members
(07-27-2018 02:15 PM)JMUDunk Wrote: Guess they won’t be able to afford to not pay their parking tickets and meet to condemn Israel twice a month any longer...
Exactly.
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07-27-2018 02:32 PM |
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gdunn
Repping E-Gang Colors
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RE: UN warns it is 'running out of cash' in urgent appeal to members
What they're trying to say is the US needs to pay more.
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07-27-2018 02:35 PM |
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UofMstateU
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RE: UN warns it is 'running out of cash' in urgent appeal to members
(07-27-2018 02:15 PM)JMUDunk Wrote: Guess they won’t be able to afford to not pay their parking tickets and meet to condemn Israel twice a month any longer...
bwahahahahahahhaahahahaha!
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07-27-2018 02:36 PM |
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