Thursday, January 24, 2019 Last Updated 0 Min 2 Sec ago Malayalam Edition
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Saturday 28 Jul 2018 10.15 AM

'UN at risk of running out of cash'

un, cash

The United Nations is at risk of running out of cash, the UN chief has warned, urging member states to pay their mandatory contributions on time and in full to ensure that the world body can continue to deliver on its key mandates.

In a letter to UN staff, Secretary-General Antonio Guterres said he had written to member states regarding the troubling financial situation facing the United Nations.

Caused primarily by the delayed contributions of member states to the regular budget, this new cash shortfall is unlike those we have experienced previously, he wrote in the letter.

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, the letter stated.

As of July 26, as many as 112 member states, including India, have paid their regular budget dues in full. India made a payment of 17.91 million dollars on January 29 this year. PTI

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