The United Nations, UN Secretary-General Antonio Guterres says the organisation is facing a severe paucity of funds, the worst in nearly ten- years.
Guterres told Member States that the organisation runs the risk of depleting its liquidity reserves by the end of the month and defaulting on payments to staff and vendors.
He said only seventy per cent of the total budget assessment for 2019, amounting to one point nine billion dollars, had been paid as at the end of September, leaving a balance of one point three billion dollars.
The current figure, according to him, is eight per cent lower than the 78 per cent payment recorded in the same period in 2018.
U.N Spokesperson, Stéphane Dujarric quoted him as telling the budget-setting Fifth Committee of the General Assembly that unless more Governments pay their annual dues, work and reforms are at risk.
Dujarric told UN correspondents in New York that although 129 out of the one hundred and ninety three Member States had now paid their regular annual dues, others needed to pay urgently and in full