U.S. Contributes $160 Million Towards $4 Billion Owed to U.N. - PRESS AI WORLD
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U.S. Contributes $160 Million Towards $4 Billion Owed to U.N.

share-iconPublished: Friday, February 20 share-iconUpdated: Friday, February 20 comment-icon1 hour ago
U.S. Contributes $160 Million Towards $4 Billion Owed to U.N.

Credited from: REUTERS

  • The U.S. has paid approximately $160 million of its nearly $4 billion debt to the United Nations.
  • UN Secretary-General warned of imminent financial collapse due to overdue payments.
  • Trump appears to shift stance, promising closer ties and support for the UN despite cuts to aid.
  • The U.S. accounts for over 95% of the UN's overdue payments.
  • The newly established Board of Peace is seen as a potential rival to the UN's authority.

The United States has recently paid about $160 million towards its outstanding balance of nearly $4 billion owed to the United Nations, as confirmed by a U.N. spokesperson. This payment is intended for the U.N.’s regular operating budget, while the U.S. still owes about $2.196 billion to the regular budget, including $767 million for the current year, and $1.8 billion for peacekeeping operations, according to Channel News Asia and Reuters.

U.N. Secretary-General Antonio Guterres has raised alarms regarding the financial stability of the organization, warning that the U.N. could face "imminent financial collapse" unless reforms are made and all member nations pay their dues. He indicated that funds for the regular budget could run out as early as July, significantly impacting U.N. operations. Over 95% of the overdue payments to the regular budget are attributed to the U.S., highlighting the pressure the organization faces, according to Al Jazeera and Reuters.

Despite previous criticisms of the U.N. and cuts to international aid, President Trump expressed a renewed commitment to U.N. funding during the launch of his "Board of Peace" initiative. “We’re going to help them money-wise, and we’re going to make sure the United Nations is viable,” he stated, suggesting a change in the administration's approach towards the organization. This board, originally intended to oversee the Gaza ceasefire, is also viewed by some as a challenge to the U.N. Security Council's authority, raising concerns about its implications, according to Channel News Asia and Al Jazeera.

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