UN facing worst financial crisis in 10 years ― Guterres

UN facing worst financial crisis in 10 years ― Guterres

Antonio Guterres, the United Nation secretary-General says the organisation is facing a severe paucity of funds, the worst in nearly 10 years.

Guterres told Member States on Tuesday that the organisation “runs the risk of depleting its liquidity reserves by the end of the month and defaulting on payments to staff and vendors.”

He said only 70 per cent of the total budget assessment for 2019, amounting to 1.99 billion dollars, had been paid as at the end of September, leaving a balance of 1.3 billion dollars.

Continue reading UN facing worst financial crisis in 10 years ― Guterres at Vanguard Nigeria.

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