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UNHCR faces liquidity crisis as U.S. policy, $6.1 billion gap strain budget

The U.N. refugee agency expects $3.9 billion in 2025 funding, contrasting sharply with its $10 billion 2024 approved budget.

Filippo Grandi says UNHCR faces not "simply a financial crisis" but more of a challenge that involves "political choices with disastrous financial implications."
Filippo Grandi says UNHCR faces not "simply a financial crisis" but more of a challenge that involves "political choices with disastrous financial implications." (AN/UNHCR)

GENEVA (AN) — The head of the U.N. refugee agency says it needs an immediate injection of at least $300 million to avoid a deficit this year.

Filippo Grandi told UNHCR's Executive Committee on Monday the agency faces a severe financial deficit and operational constraints: the $3.9 billion in available funds it expects to receive this year falls $6.1 billion short of its $10 billion 2024 approved budget.

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