Secretary General Guterres: UN may go bankrupt by end of October

Secretary General Guterres: UN may go bankrupt by end of October

eTurboNews Syndication:

In a letter addressed to 37,000 employees at the United Nations, UN Secretary General Antonio Guterres said that unspecified “additional stop-gap measures” would need to be taken to make sure entitlements and salaries are paid.

According to Secretary General, the US is owning a deficit of $230 million, of October and could go out of money by the finish.

“Member states have paid only 70% of the quantity necessary for our regular budget operations in 2019,” the UN chief wrote in Monday’s letter. “This results in a cash shortage of $230 million by the end of September. Of the month we run the chance of depleting our backup liquidity reserves by the finish.”


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To spend less, Guterres mentioned postponing conferences and meetings and reducing services, while also restricting official happen to be only essential activities and taking measures to save lots of energy.

Author: George Taylor

Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.