United Nations is facing a cash flow problem
2,783 views · Published 27 July 2018 · 3:27 · Indexed 26 September 2026
Channel: SABC News · 2018 · News & Politics
The United Nations is facing a cash flow problem due to member states not meeting their funding obligations on time. In a letter sent to both UN staff and member states, Secretary General Antonio Guterres explains that the new cash shortfall is unlike those experienced in previous years with the organization's current liquidity much lower compared to this point in previous calendar years. The letter warns that the UN Secretariat will have exhausted the cash in the Regular Budget General Fund the Working Capital Fund and the Special Account by the end of August unless further contributions from member states are received. For more news, visit: sabcnews.com
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