UN Secretary-General, Antonio Guterres, on Thursday warned of a serious cash shortfall at the United Nations, telling staff in a message that cost-cutting measures are in store.
Guterres said the cash crunch was caused primarily by the failure of UN member states to pay their dues on time, adding that he had asked countries to quickly pay their share of the UN budget.
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“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,” Guterres wrote in the message posted to the UN’s internal communications website.
The UN chief said “we will need to take measures to reduce expenses, with a focus on non-staff costs” and added that he had tasked the UN management department…
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