Friday, February 26, 2021
Home News Reports UN faces severe cash crunch: Austerity measures in places, restricts heating and AC, stops...

UN faces severe cash crunch: Austerity measures in places, restricts heating and AC, stops hiring

India is one of the only 35 of the 193 member nations that have paid all their dues to the UN. Apart from this, the UN also owes India 38 million USD for contributing peacekeeping forces.

The United Nations is facing a severe cash crunch as most of the member nations have been defaulting on their payments. As UN chief Antonio Guterres had informed recently that the UN may run out of money by the end of this month, the organisation has been taking serious cost-cutting measures.

In the UN headquarters at New York City, after-hour meetings and late-night receptions have been stopped. The building restricts Air Conditioning after 6 pm till the 8 am in the next morning. Heating and drinking water outlets are limited too.

As per reports, the organisation is preparing for more cost-cutting measures, like cancelling the freebies like water bottles and such at conferences, and additional services like translations and prompt availability of documents are expected to be limited and delayed too.

Some reports have stated that the UN does not even have the money to pay staff salaries for the month of November

The 39-storied secretariat building has shut down many of its water fountains and escalators. As per reports, UN chief Guterres has sent a letter to all department heads, offices and special political missions informing them of the problem’s severity.

In his letter, Guterres reportedly mentioned that beginning October 14, austerity measures will be implemented and it will affect working conditions and operations until further notice. The organisation has also stopped new hirings.

The UN’s cash crisis is mainly due to member nations not paying their annual assessment bills.

India is one of the few nations that have paid all their dues to the UN, image courtesy: Twitter

“Member states have paid only 70% 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,” Guterres had written earlier.

Read: India gifts solar panels worth $1 million to the United Nations headquarters in New York

India is one of the only 35 of the 193 member nations that have paid all their dues to the UN. Apart from this, the UN also owes India a staggering 38 million USD for contributing peacekeeping forces. India’s ambassador to the UN, Syed Akbaruddin had shared an image where the names of the nations that have made full payments to the UN was displayed at the headquarters.

The US owes the highest amount to the UN. According to UN officials, the United States owed $381 million to the regular budget as of January 1 and $776 million to the peacekeeping budget.

However, US President Donald Trump has stated recently that the US is being billed unfairly and the UN should make all the nations pay, not just the US.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Election Commission announces schedule of assembly elections in four states and one union territory, counting on 2nd May

Dates for assembly elections in Kerala, Tamil Nadu, West Bengal, Assam and Puducherry announced by the election commission

‘We should be outraged!’: Senator Rand Paul grills Biden’s nominee as Dr Levine refuses to condemn sex change procedure for little children

U.S. Senator Rand Paul from Kentucky grilled Dr. Rachel Levine at her confirmation hearing in the U.S. Senate.

Meet British MP Tanmanjeet Singh Dhesi: Khalistani connections, pro-Pakistani stance on Kashmir and vocal during ‘farmer protests’

Tanmanjeet Singh Dhesi, or Tan Dhesi as he is addressed sometimes, is a Labour MP from Slough in the United Kingdom.

Rahul Gandhi lies about India clearing millions of dollars of Chinese FDI after a 9-month freeze: Here are the exclusive details

Rahul Gandhi shared a report that relied solely on sources, to claim that after a 9 month-long freeze, India had started clearing FDI from China

China forces US diplomats to undergo anal swab tests, Biden administration calls it undignified: Reports

The Chinese authorities later acknowledged carrying out such tests and assured that they would not be using anal swabs on American diplomats to test for COVID-19 in the future.

Watch: BJP Party President JP Nadda gives his own spin to ‘Pawry Ho Rahi Hai’ meme at West Bengal rally

BJP President JP Nadda seems to have put his own spin on the 'Pawri' meme during a rally at West Bengal ahead of 2021 Assembly elections

Recently Popular

US President Joe Biden casually drops the N-word during Munich Security Conference, accused of racism on social media

The N-word is considered as one of the hateful words that were first uttered in the 17th century. Its origin can be traced back to the Spanish word 'negro', which is often used by white supremacists to deliberately offend the African-American community.

Did Aamir Khan’s daughter Ira Khan elope with her Hindu servant? Here is the truth

The image that is being used to claim that Iran Khan has 'eloped with her Hindu servant' was originally shared by Nupur Shikare, her fitness trainer. The two were posing on the occasion of Diwali.

Govt removes safety net that allowed platforms like Twitter to not take responsibility for their misuse, officials can be penalised

If social media platforms don’t comply with the provisions of new guidelines, this will attract penal provisions under the IT Act

I worry about Yogendra Yadav’s mental health and his The Print article on the 2021 Bengal elections proves I am not wrong

As BJP rises in Bengal, a panic attack was detailed in The Print, written by our very own Icchadhari protestor, Yogendra Yadav.

‘Hindi filmmakers repeatedly insult Hindu Gods and Goddesses’: Remarks Allahabad HC rejecting bail of Amazon Prime’s Aparna Purohit in Tandav case

Aparna Purohit is accused of hurting religious sentiments through scenes mocking Hindu gods in the web series 'Tandav' on Amazon Prime

Adani Pavilion and Reliance Pavilion at Narendra Modi Stadium: All you want to know about naming stadiums and pavilions

The stadium was named after PM Modi as he was a former president of GCA, and Reliance & Adan won bids to sponsor two pavilions
- Advertisement -

 

Connect with us

253,124FansLike
520,461FollowersFollow
23,700SubscribersSubscribe