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

 


Euro Med Monitor: Syria Cross-border Aid Mechanism Extension Is Necessary For The Survival Of Millions

Permanent members of the UN Security Council should extend the cross-border aid to northwestern Syria, Euro-Med Human Rights Monitor said Tuesday in a statement...
More>>


Commonwealth Secretariat: Island Nations Urge Commonwealth Leaders To Bolster Ocean Climate Action
Small island nations are calling for strengthened global support for ocean and climate change action, just days before Commonwealth leaders convene in Kigali, Rwanda... More>>



Climate: ‘Surprise’ Early Heatwave In Europe, Harbinger Of Things To Come

Sweltering conditions in Europe have come earlier than expected this year but the bad news is, they’re the shape of things to come... More>>


World Vision: Deeply Concerned For Thousands Affected By Afghanistan Quake
World Vision is deeply concerned about the deteriorating humanitarian situation in Afghanistan in the wake of a powerful earthquake in the early hours of this morning... More>>



Malaysia: UN Experts Welcome Announcement To Abolish Mandatory Death Penalty

UN human rights experts* today commended an announcement made by the Malaysian government that it will abolish the country’s mandatory death penalty and encouraged Parliament to take concrete steps to pass the agreement into law... More>>


Ukraine: Bachelet Briefs Human Rights Council On Mariupol
Excellencies, Further to Human Rights Council resolution S-34/1 adopted at its 34th Special Session, I present you with an oral update on the grave human rights and humanitarian situation... More>>