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HomeWorldUN chief Guterres warns of 'imminent financial collapse'

UN chief Guterres warns of ‘imminent financial collapse’

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GENEVA, Jan 30 (Reuters) – The U.N. chief has told states that the organisation is at risk of “imminent financial collapse”, citing unpaid fees and a budget rule that forces the global body to return unspent money, according to a letter seen by Reuters on Friday.

“The crisis is deepening, threatening programme delivery and risking financial collapse. And the situation will deteriorate further in the near future,” United Nations Secretary-General Antonio Guterres in a letter to member states dated January 28.

A U.N. spokesperson did not immediately respond to a request for comment. 

(Reporting by Emma Farge, Editing by Miranda Murray)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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