Home / Holiday Destinations / Secretary Normal Guterres: UN might cross bankrupt by means of finish of October | Buzz go back and forth

Secretary Normal Guterres: UN might cross bankrupt by means of finish of October | Buzz go back and forth

In a letter addressed to 37,000 staff on the United International locations, UN Secretary Normal Antonio Guterres mentioned that unspecified “further stop-gap measures” would must be taken to make sure salaries and entitlements are paid.

Consistent with Secretary Normal, the United International locations is working a deficit of $230 million, and might run out of cash by means of the tip of October.

“Member states have paid handiest 70% of the entire quantity wanted for our common price range operations in 2019,” the UN leader wrote in Monday’s letter. “This interprets right into a money scarcity of $230 million on the finish of September. We run the chance of depleting our backup liquidity reserves by means of the tip of the month.”

To chop prices, Guterres discussed suspending meetings and conferences and decreasing products and services, whilst additionally limiting legitimate go back and forth to just very important actions and taking measures to avoid wasting power.

In a letter addressed to 37,000 staff on the United International locations, UN Secretary Normal Antonio Guterres mentioned that unspecified “further stop-gap measures” would must be taken to make sure salaries and entitlements are paid.

Consistent with Secretary Normal, the United International locations is working a deficit of $230 million, and might run out of cash by means of the tip of October.

“Member states have paid handiest 70% of the entire quantity wanted for our common price range operations in 2019,” the UN leader wrote in Monday’s letter. “This interprets right into a money scarcity of $230 million on the finish of September. We run the chance of depleting our backup liquidity reserves by means of the tip of the month.”

To chop prices, Guterres discussed suspending meetings and conferences and decreasing products and services, whilst additionally limiting legitimate go back and forth to just very important actions and taking measures to avoid wasting power.

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