World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


UN Cash Position Stronger Than Last Year

UN Cash Position Stronger Than Last Year But Still Fragile, Controller Reports

New York, Oct 13 2005

Although the cash position of the United Nations is stronger than last year, and projections to the end of 2005 are more positive than in 2004, the world body is suffering from "continuing fragility" with a deficit of more than $2 billion alone for peacekeeping operations, the organization's controller reported today.

"The only way to secure financial health for the United Nations is for Member States to meet their financial obligations to the Organization in a full and timely fashion," Warren Sach told the General Assembly's Fifth Committee, which deals with administrative and budgetary affairs.

The amount outstanding for peacekeeping operations exceeded $2.5 billion at the end of 2004, after assessments of over $5 billion being issued last year. So far in 2005 payments have somewhat exceeded new assessments, lowering the outstanding amount by over $400 million as of 7 October.

As of that date a further $739 million remain outstanding for the regular budget, and $73 million for the international war crimes tribunals for Rwanda and the former Yugoslavia. Moreover debts to Member States providing troops and equipment to peacekeeping operations are projected at $779 million by the end of the year.

"There are some encouraging signs of improvement but there is still cause for concern," Mr. Sach said, summing up the UN's current financial position. "The amounts outstanding are quite highly concentrated and the positive projections depend crucially on a relatively few Member States making payments in line with their past pattern of payments.

"This underlines the continuing fragility of our financial situation and it may still be necessary to cross-borrow from the very limited pool of unobligated funds in the accounts of closed peacekeeping operations."

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>

ALSO:

At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>

ALSO:

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>

ALSO:

Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news