Guterres warns UN faces imminent financial collapse'
Briefly

Guterres warns UN faces imminent financial collapse'
"Instead of handing Trump $1 billion checks, governments should work together to protect the UN and other institutions established to uphold international human rights and humanitarian law, the global rule of law, and accountability, Charbonneau said. The annual dues UN member states must pay are set according to each country's gross domestic product (GDP), debt and other factors. The US accounts for 22 percent of the core budget, followed by China with 20 percent."
"Trump, whose administration announced plans this month to withdraw from several UN agencies, also recently launched his so-called Board of Peace initiative, which some experts have said aims to sideline the UN. Trump's board appears to be a kind of pay-to-play, global club, judging from the $1 billion fee for permanent membership, Louis Charbonneau, the UN director at Human Rights Watch, recently warned."
The United Nations faces an imminent financial collapse due to unpaid annual dues and outstanding balances totaling $1.57 billion by the end of 2025. Annual member assessments are calculated based on GDP, debt and other factors, with the United States covering 22 percent and China 20 percent of the core budget. Member states must either pay dues in full and on time or agree to a fundamental overhaul of UN financial rules. Proposed US funding cuts, withdrawals from agencies and a paid 'Board of Peace' initiative add pressure and raise concerns about protecting UN mandates and institutions.
Read at www.aljazeera.com
Unable to calculate read time
[
|
]