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COMMENTARY OF THE DAY
by
Robert Namer
Voice Of America
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JULY 30, 2018

     The US should not bail out the UN.  United Nations Secretary-General Antonio Guterres says the U.N. is running out of money and is urging members to pay up amid a looming financial crisis for the international body. In a letter to staff this week, seen by Fox News, Guterres says he has warned member states of a “troubling financial situation facing the United Nations," which he says is caused by late payments to the U.N. by member states.  “Our cash flow has never been this low so early in the calendar year, and the broader trend is also concerning; we are running out of cash sooner and staying in the red longer,” he says.
 
     Guterres went on to say that the organization will be taking measures to look at reducing costs, in a way that won’t affect their mission. He said he also will be proposing to states various steps to strengthen financial stability at the U.N. Trump administration threats to cut funding do not appear to be directly linked to the cash crunch. Secretary-General spokesman Stephane Dujarric told reporters Thursday that the issue is “late payments and payments not yet received to the regular budget.”
 
 

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