Lamenting UN’s Dire Liquidity Crisis, Fifth Committee Urges Concerned States to Pay Arrears in Making up $1.5 Billion Regular Budget Shortfall
Troubled by the ongoing liquidity crisis impeding the United Nations’ ability to deliver on its mandates, delegates at the Fifth Committee (Administrative and Budgetary) today emphasized that Member States’ timely payments of assessed contributions to the regular budget is crucial. Delegates voiced their displeasure that Member States with the highest arrears have aggravated the Organization’s financial situation, noting that there are about $1.5 billion in unpaid regular budget assessments at the end of the third quarter, the highest amount in four years.