The Wall Street Journal: The United Nations is facing the risk of financial collapse
The Wall Street Journal reported that the United Nations is facing one of the most severe financial crises in its history, and delays or non-payment of financial commitments by the United States and China have placed heavy pressure on the organization’s budget.
According to this report, the United States owes more than $4 billion and China approximately $455 million in unpaid debts to the United Nations. Together, these two countries provide about 42% of the UN’s core budget.
Antonio Guterres, the UN Secretary-General, had previously warned that the organization is on a path towards bankruptcy and will face the risk of financial collapse if the current situation continues.
Reports indicate that the United Nations, to counter the shortage of financial resources, has taken measures to cut costs, eliminate some jobs, and limit some of its activities.