Guterres warns UN faces ‘imminent financial collapse’
AI Summary
UN Secretary-General Antonio Guterres has warned that the United Nations faces an imminent financial collapse due to unpaid annual dues and other issues. In a letter sent to all UN member states, Guterres urged them to agree to overhaul the organization's financial rules or risk facing financial collapse. The letter calls on member states to pay their annual dues, as the UN lacks sufficient cash reserves and liquidity to continue operating. This warning comes amid plans by US President Donald Trump to slash funding for multilateral institutions and withdraw from several UN agencies. Guterres' appeal is part of a growing trend of criticism towards the UN's financial management. The letter was sent earlier this week, with a UN spokesperson stating that member states must pay now or risk facing financial collapse.
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