Thursday, October 22, 2020
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

“Your outrage against Hinduphobic content on OTT platforms may actually be fuelling more such content”- Here is what an industry insider says

OTT platforms are not hit if a movie or a series if boycotted for Hinduphobic content as people have already paid for subscription

No, India Today, Katrina Kaif in yellow saree for Navratri is not offensive to Hindus, this is where you got it wrong

India Today tries to be holier than thou while trying to paint Hindus as trolls over Eros Now's vulgar Navratri posts

CM Yogi distributes relief amount of Rs 113.21 crore among the flood-affected farmers in Uttar Pradesh

CM Yogi distributed the relief amount to the flood-affected farmers in 19 districts of the state by online transaction.

‘Mughal Prince Tucy’ lashes out on AIMIM’s Asaduddin Owaisi, calls him ‘Bewakoof, and Gadha’

Prince Tucy said that when the people of Hyderabad are dealing with horrific floods, MP Asaduddin Owaisi is busy doing poll campaign in Bihar.

Is Modi govt giving Coronavirus vaccines for ‘free’ only to Bihar? No, that’s not how it works

Union Finance Minister Nirmala Sitharaman on Thursday while releasing the BJP manifesto in Bihar for upcoming elections said that the BJP promises free coronavirus vaccines in Bihar, whenever the vaccine is made available.

All you need to know about Mohammad Shahabuddin, the dreaded mafia don and once Lalu Yadav’s close aide who made Siwan tremble

The Siwan district, in the 90s and early 21st century, became his fiefdom and Mohammad Shahabuddin was its unchallenged ruler.

Recently Popular

UK: 37-year-old paedophile named Rehan Baig jailed for raping chickens to death while his wife filmed it

Rhan Baig's wife had also joined him in the videos and at one point he alternated between having sex with his wife and the chickens.

Eros Now apologises for publishing vulgar Hinduphobic content on Navratri

After netizens outraged over vulgar posts on Navratri, Eros Now issued an apology.

‘Comedian’ Agrima Joshua, who calls herself ‘feminist’, passes offensive sexual comments against woman due to political differences

Agrima Joshua had earlier found herself in a controversy after insulting the Shivaji Maharaj memorial during a performance.

Remember Sheena Bora case? Param Bir Singh was the IG of Konkan range, the site where her body was dumped

Param Bir Singh knew that Sheena Bora was missing. He had asked Rahul Mukerjea to file a 'missing persons' report. Sheena, however, was never reported as 'missing'.

Paris: Two Muslim women stabbed under Eiffel Tower by white women shouting “dirty Arabs”

Two Muslim women were stabbed repeatedly under the Eiffel Tower on Sunday night by two white women who called them "dirty Arabs".

France: Charlie Hebdo cartoons projected on government building to express solidarity with deceased teacher who was beheaded by Islamic terrorist

Days after the barbaric beheading of teacher Samuel Paty on the streets of Paris by a terrorist for showing the cartoons of Prophet Mohammad to his students, support continues to pour in for the deceased teacher.
- Advertisement -

Reducing Navratri to ‘mating dance’, comparing Holi with terrorism— how the Indian media has turned Hinduphobic

After Eros Now posted series of vulgar messages associated with Navratri, far-left site Arre posted a Hinduphobic tweet on Durga puja

Remembering Lalu’s Jungle Raj in Bihar: When an IAS officer’s wife was raped for two years by an RJD leader

During Lalu's Jungle Raj in Bihar, IAS Officer BB Vishwas's wife Chamba Biswas was raped for 2 years by RJD leader Mrityunjay Yadav

“Your outrage against Hinduphobic content on OTT platforms may actually be fuelling more such content”- Here is what an industry insider says

OTT platforms are not hit if a movie or a series if boycotted for Hinduphobic content as people have already paid for subscription

Mumbai Police threatens Republic TV executive editor with imprisonment for refusing to reveal source of Hansa report in TRP scam

Republic TV Executive Editor warned by Mumabi Police that he will be booked under IPC sections 174 and 179 if does not give source of Hansa report

No, India Today, Katrina Kaif in yellow saree for Navratri is not offensive to Hindus, this is where you got it wrong

India Today tries to be holier than thou while trying to paint Hindus as trolls over Eros Now's vulgar Navratri posts

UP: Police find conversion of over 200 people to Buddhism fake, people were asked to sign conversion papers disguised as govt scheme

After reports of 236 Valmiki community members converting to Buddhisim, police find no evidence of conversion in Karehra village

Lucknow: Jama Mazar caretaker ‘Kale Baba’ caught running sex racket, video goes viral

The caretaker has allegedly confessed to police that he was sexually exploiting women and engaging them in illicit activities in the name of curing infertility and other ailments.

Meghalaya: Khasi student body puts up racist posters saying “All Meghalaya Bengalis are Bangladeshis”

The banners put up by Khasi Students Union read, ''All Meghalaya Bengalis are Bangladeshis'' and "Khasiland for Khasis; Foreigners Go Away".

CM Yogi distributes relief amount of Rs 113.21 crore among the flood-affected farmers in Uttar Pradesh

CM Yogi distributed the relief amount to the flood-affected farmers in 19 districts of the state by online transaction.

UP Police Sub-Inspector Intesar Ali suspended for keeping beard without permission

SP Abhishek Singh said that police personnel other than Sikhs are allowed to keep a beard only after getting the requisite permission.

Connect with us

245,563FansLike
465,990FollowersFollow
18,800SubscribersSubscribe