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International-UN-NGOs
UN may run out of money by end of the month: Guterres
2019-10-09
[DAWN] The United Nations
...a lucrative dumping ground for the relatives of dictators and party hacks...
 is running a deficit of $230 million, Secretary General António Guterres
...Portuguese politician and diplomat, ninth Secretary-General of the United Nations. Previously, he was the UN High Commissioner for Refugees between 2005 and 2015. He was the Prime Minister of Portugal from 1995 to 2002 and was the Secretary-General of the Socialist Party from 1992 to 2002. He served as President of the Socialist International from 1999 to 2005. In both a 2012 and 2014 poll, the Portuguese public ranked him as the best Prime Minister of the previous 30 years...
 said on Monday, and may run out of money by the end of October.

In a letter intended for the 37,000 employees at the UN secretariat and obtained by AFP, 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 per cent 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.

To cut costs, Guterres mentioned postponing conferences and meetings and reducing services, while also restricting official travel to only essential activities and taking measures to save energy.

Guterres had asked member states earlier this year to up contributions to the world body to head off cash flow problems, but they refused, a UN official said on condition of anonymity.
From yesterday’s article on the subject:
The largest late payer is the United States, the fifth permanent member of the UNSC.

It usually does so in October because of US fiscal year.
Related:
United Nations: 2019-10-07 FM confirms initiative to sign ‘historic’ non-aggression pact with Arab states
United Nations: 2019-10-07 96 protesters killed over six days: Iraqi state officials
United Nations: 2019-10-07 Mishal calls for UN peacekeepers in held Kashmir
Related:
Antonio Guterres: 2019-10-05 UN chief hopes to maintain ‘momentum’ in Western Sahara talks
Antonio Guterres: 2019-09-28 In meeting with UN chief, PM Imran highlights world body's responsibility to help resolve Kashmir
Antonio Guterres: 2019-09-23 5-year period ending 2019 set to be hottest on record: UN report
Posted by:Fred

#9  Guterres mentioned postponing conferences and meetings and reducing services


No more top shelf hoes?!
Posted by: charger   2019-10-09 20:31  

#8  Good. Now sell your assets and move to China.
Posted by: DarthVader   2019-10-09 13:56  

#7  I hear Venezuela is cheaper.
Posted by: Bright Pebbles   2019-10-09 11:37  

#6  Excellent.
Posted by: Whiskey Mike   2019-10-09 10:58  

#5  Guterres had asked member states earlier this year to up contributions to the world body to head off cash flow problems, but they refused, a UN official said on condition of anonymity.

That's because we're usually there to pick up the check - not this time, ya freaking socialists...
Posted by: Raj   2019-10-09 08:19  

#4  Think of issuing bonds? Seems to work for numerous governmental bodies and money institutions who ascribe to the policy - there's a sucker born every minute.
Posted by: Procopius2k   2019-10-09 06:48  

#3  We can always hope.
Posted by: SR-71   2019-10-09 03:34  

#2  Can't pay their rent?
Throw them out into the street.
Posted by: Skidmark   2019-10-09 01:58  

#1  Music to my ears.
Posted by: g(r)omgoru   2019-10-09 01:41  

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