From SwissInfo:
The United Nations is facing a serious cashflow crisis, as 63 states – including its largest contributor, the United States – have not paid their annual dues. In Geneva, officials at the UN’s European headquarters (UNOG) are considering ways to cut costs, while the host nation looks on anxiously.
The statement by UN Secretary-General Antonio Guterres on Tuesday to the UN General Assembly Budget Committeeexternal link about the financial health of the global body was certainly dramatic.
“This month, we will reach the deepest deficit of the decade. We risk … entering November without enough cash to cover payrolls,” he said. “Our work and our reforms are at risk.”