AssetID: 55425783
Headline: UNCAPTIONED: UN Chief Warns of 'Imminent Financial Collapse' Due to Unpaid Fees
Caption: UN Chief Warns of 'Imminent Financial Collapse' Due to Unpaid Fees. Antonio Guterres, U.N. Secretary-General, has warned that the organization faces an “imminent financial collapse,” citing unpaid fees and financial rule constraints in a letter to ambassadors. Guterres pointed to the United States’ reduction in voluntary contributions and its refusal to make mandatory payments as major causes of the crisis, highlighting the U.N.'s financial instability. The U.N. is at risk of running out of funds by July, jeopardizing its ability to deliver essential programs and services across the globe. A key issue is a rule requiring the U.N. to return any unspent money, further exacerbating its financial troubles, according to Guterres’ letter seen by Reuters. Guterres urged all member states to honor their financial commitments, warning that failure to do so would risk further deterioration of the situation. The U.N. Secretary-General stressed the urgency of resolving the financial crisis, saying the current situation could worsen without immediate action. Despite these warnings, it is unclear which countries are failing to meet their financial obligations, as the U.N. spokesperson declined to comment. The United States, as the largest contributor to the U.N., has slashed funding to various U.N. agencies, significantly affecting the global body’s operations. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,United Nations,financial collapse,Antonio Guterres,U.S. funding,unpaid fees,crisis,budget,peacekeeping,Donald Trump,funding,agencies
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