UN Chief Warns That Cash Flow Problems Will Force Expense Cuts

UN Secretary-General Antonio Guterres warned member states that the organization is facing “troubling” funding issues as a result of delayed dues payments that will force reductions in non-staff costs.

“This new cash shortfall is unlike those we have experienced previously,” Guterres wrote in a letter Thursday obtained by Bloomberg News. “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.”