UN Faces Bankruptcy – WSJ

It was previously reported that the UN plans to cut its 2026 budget by $500 million

The financial situation of the United Nations is rapidly deteriorating due to suspended funding and delays from the US and China, Kazinform reports citing The Wall Street Journal.

According to the warning, in August the UN may face a serious liquidity crisis as unpaid and delayed contributions from the US and China accumulate. Together, these two countries account for 42% of the organization’s core funding.

The largest source of financial losses for the UN is the United States. Washington currently owes more than $4.28 billion. The Trump administration has called the UN bloated and inefficient, pressuring it by stating that overdue payments will only be made after a major restructuring. China, the second-largest donor after the US, recently paid $844 million for peacekeeping expenses but still owes $455 million.

The UN Secretariat estimates that the current cash reserves will last only until mid-August.

Inside the UN, concerns are growing that if funds run out, staff salaries may stop, and food security and peacekeeping programs could be paralyzed. In response to financial difficulties, the UN has already begun cutting jobs, including 3,000 administrative staff, and accelerated the withdrawal of peacekeeping forces from African conflict zones such as the Democratic Republic of Congo.

Photo: un.org.

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