US and China Defaults Leave the UN on the Verge of Bankruptcy
5 Articles
5 Articles
The United Nations risks bankruptcy due to the suspension of funding by the United States and China, which together are worth 42% of the basic budget of the international organization. This is revealed by a detailed survey of the Wall Street Journal, which deepens the deep economic crisis that is going through the UN. At the appeal billions of dollars are missing. The alarm was also launched in November by Secretary General António Guterres, in …
The United Nations (UN) is running out of money, and the United States is one of the main reasons. President Donald Trump shows little interest in the multilateral institution and even wanders about creating a substitute made to its greatest glory.Continue reading...
The United Nations is facing a serious financial crisis, reports The Wall Street Journal. The United States is over $4 billion in arrears, and China is delaying its own payments despite pledges of support. UN Secretary-General Antonio Guterres has warned of a real risk of default as early as mid-August.
The United Nations (UN) is on the verge of bankruptcy due to budget cuts and payment deferrals.
The UN runs the risk of running out of liquidity if the major powers do not pay their dues; without new contributions, the organization should cut back expenses and missions Read more Risk of bankruptcy in the UN if payments from the US and China do not arrive in News.es.
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