Geneva, Switzerland
Reuters
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The UN chief has told member states that the organization is at risk of “imminent financial collapse,” citing unpaid fees and a budget rule that forces the global body to return unspent money, a letter seen by Reuters on Friday showed.
UN Secretary-General Antonio Guterres has repeatedly spoken about the organization’s worsening liquidity crisis but this is his starkest warning yet, and it comes as its main contributor the United States is retreating from multilateralism on numerous fronts.
“The crisis is deepening, threatening programme delivery and risking financial collapse. And the situation will deteriorate further in the near…