UN at Risk of Bankruptcy as US and China Stall Billions in Payments
The United Nations is warning of a “race to bankruptcy” after its two biggest backers stopped funding. The US has fallen over $4 billion behind on dues and cut dozens of programmes, while China still owes hundreds of millions despite recent emergency injections. With Washington demanding deeper cuts and Beijing slow-walking payments, the UN could run out of cash by mid-August just as its leadership transition begins. Staff cuts, office closures and scaled-back peacekeeping missions underline the severity of the shortfall. Member states now face tough choices. The US ties future funding to efficiency reforms, and China insists it will pay. But without timely dues, staffers go unpaid and critical programmes risk collapse.
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