UN may ‘run out of money by Oct end’, says Antonio Guterres in letter to 37,000 employees

AFP via The Statesman (India) ^ | 10/8/2019 | Uncredited

[RightGeek]

The United Nations (UN) is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October.

In a letter intended for the 37,000 employees at the UN secretariat and obtained by AFP, Guterres said unspecified “additional stop-gap measures” would have to be taken to ensure salaries and entitlements are paid.

“Member States have paid only 70 per cent of the total amount needed for our regular budget operations in 2019. This translates into a cash shortage of $230 million at the end of September. We run the risk of depleting our backup liquidity reserves by the end of the month,” he wrote.

To cut costs, Guterres mentioned postponing conferences and meetings and reducing services, while also restricting official travel to only essential activities and taking measures to save energy.

Guterres had asked member states earlier this year to up contributions to the world body to head off cash flow problems, but they refused, a UN official said on condition of anonymity.

[gdzla]

Tsk tsk, what a shame.

(Sarcasm off)

[Rurudyne]

Shut it down.

[Savage Beast]

Yes! Bears repeating, with emphasis!

Make it a new Trump Tower.
~o-n-money~

[Savage Beast]

BTW, what happened to that billion dollars Ted Turner gave them?

[PapaBear3625]

nothing changes until the cashflow stops. short of cash, they now have to prioritize. We will now see what is important to them by where they spend the money.

I doubt that senior UN officials will fly economy class. Ever.

[rockinqsranch]

“It ain’t over ‘til the fat lady sings.”

Watch. Some aholes in Congress will try to bail them out with our money.

[Jonty30]

That is so tragic.

[Starboard]

Starve the beast.

[MrEdd]

I ain’t no ways tired of winning.

[JayGalt]

The UN.
You will never find a more wretched hive of scum and villainy.

[Don Corleone]

Close it down, reclaim the land and put something actually useful in its place.

The Rockefeller's donated the land.

[OttawaFreeper]

[Starboard]

while also restricting official travel to only essential activities

In other words no more money left for frivolous boondoggles and trips of personal convenience.

Such hardship.

[o-n-money]

There’s enough room for anything and everything.

[o-n-money]

WOW

[Grampa Dave]

BOL! More good news for our side! Let the Euro Trash Countries host and cover the cost of this worthless organization.

[Army Air Corps]

Excellent!

Convert it to a VA hospital.

[Starboard]

The UN. You will never find a more wretched hive of scum and villainy.

**********

DC is trying not to be bested in this category by the UN.

[OttawaFreeper]

When I was a high school student back in the 1980s, I heard a story involving a group of students from the school who went on a tour of New York City and one of the places visited was the UN. Apparently, the tour guide at the UN building did not know what the Canadian flag looked like and had to ask these students from our school to point it out in the collection of flags on display.

[Starboard]

The UN running out of money before the end of the month is the best news I’ve heard today.

*************

Same here. Its put a spring in my step. :)