1945

United Nations financing and programming

The Secretary-General reported to the General Assembly at the close of the year that the Organization had very narrowly avoided bankruptcy during 1989 and prospects were very grim indeed. The only real solution to the continuing financial crisis (resulting from the withholding of assessed contributions to the Organization’s regular budget and for peace-keeping operations) was the payment by all Member States of their assessed contributions in full and on time. Unless and until that basic legal obligation under the Charter was honoured by all Member States without exception, the threat of financial collapse would continue to haunt the United Nations.

Related Subject(s): United Nations
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