'Financial collapse imminent': UN chief warns after US funding cuts

The United Nations (UN) is teetering on the brink of an "imminent financial collapse," according to a stark warning from the UN Secretary-General. The crisis has been exacerbated by significant funding cuts from the United States, a major contributor to the organization's budget. These financial shortfalls have left the UN struggling to maintain its operations and fulfill its global responsibilities, which range from peacekeeping to humanitarian aid. The situation is further complicated by a budget rule that restricts the UN's ability to reallocate funds, leaving little room for maneuvering in times of fiscal crisis. This rigid financial framework has intensified the strain on the organization as it attempts to meet the growing demands of international crises. The UN's ability to effectively respond to global challenges is now at a critical juncture, with urgent calls for member states to meet their financial obligations. The Secretary-General has urged all member nations to settle their unpaid contributions promptly to avert a potential shutdown of essential UN functions. This plea highlights the interconnectedness of global governance and the importance of collective responsibility in sustaining international peace and development efforts. As the UN grapples with this financial emergency, the world watches closely, aware that the organization's stability is crucial for addressing the myriad challenges facing humanity today.

— Authored by Next24 Live