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United Nations faces severe cash shortage

The United Nations could run out of money by the end of this month in the worst budget crisis that the world body has faced in at least a decade.

U.N. headquarters in New York
U.N. headquarters in New York (AN/Julien Chatelain)

UNITED NATIONS (AN) — The United Nations could run out of money by the end of this month in the worst budget crisis that the world body has faced in at least a decade, U.N. Secretary-General António Guterres warned member nations on Tuesday.

Introducing the U.N.'s proposed programmatic US$2.87 billion budget for 2020, Guterres said the United Nations runs the risk of depleting its liquidity reserves by the end of the month and defaulting on payments to staff and vendors.

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