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Economy

UN chief briefs member states on financial pressure

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2020-04-03 15:41:21Xinhua Editor : Gu Liping ECNS App Download
Special: Battle Against Novel Coronavirus

UN Secretary-General Antonio Guterres has sent a letter to UN member states, expressing concerns over "enormous challenges" posed by COVID-19 and financial pressure of UN operations, his spokesperson Stephane Dujarric said on Thursday.

The world organization ended 2019 with arrears of $711 million, the highest level for a decade and a 34 percent increase compared to 2018, Guterres said, adding that the pressure comes from continued financial constraints.

There is a sharp decline of 42 percent in the payment of assessments by member states, compared to 50 percent in earlier years, he added.

The secretary-general also said in his letter that he is directing managers to temporarily suspend all hiring for regular budget operations and to further scale down non-post expenses to ensure timely payments to staff and vendors.

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