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 muses about creating a substitute made to his greater glory.
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The financial ruin stems from a UN report published a few days ago warning that a “financial collapse” could affect the international body in August if member states, particularly the U.S., do not meet their quota payments.
The United Nations could run out of funds starting in August
The economic problem has been worsened by delayed payments from the other major contributor, China.
According to internal data, the organization will run out of cash to meet its general fund obligations in a couple of months unless it cuts its expenses by 13%.
Washington owes approximately 2 billion dollars to the organization’s regular budget, in addition to another 2.2 billion destined for peacekeeping missions. “The short answer is that our financial problems are due to a major contributor, the United States, not paying its dues,” said Farhan Haq, UN spokesperson, to Politico.
Without new funding, everything is at risk: from salaries and rent to the staff carrying out peacekeeping missions in conflict zones. The UN has almost exhausted its cash reserves.
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