The Trump administration has failed to pay billions owed, while Beijing has been accused of gaming the international body’s budget
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The United Nations faces a severe liquidity crisis, with Secretary-General António Guterres warning of a “race to bankruptcy” by mid-August.
The U.S. is over $4 billion in arrears, while China owes $455 million, contributing to the U.N.’s financial shortfall.
The U.N. has implemented historically large spending cuts, eliminated 3,000 secretariat posts, and slashed peacekeeping expenditures.The United Nations is going broke as the U.S. and China withhold payments to the institution in a jostle for control.
The United Nations is going broke as the U.S. and China withhold payments to the institution in a jostle for control.
Washington has failed to pay billions of dollars owed to the international body and exited dozens of its programs and agencies, including the World Health Organization, to combat what President Trump describes as wasteful spending and bad policymaking. The U.S. is more than $4 billion in arrears to the U.N.