UNITED NATIONS, Feb 16 (IPS) – The United Nations is heading towards a severe cash crisis forcing the world body “to implement aggressive cash conservation measures to avert a default in meeting the legal obligations of the Organization”.
Secretary-General Antonio Guterres has drawn attention to “the unfortunate deteriorating financial situation of our regular budget operations”.
Source: UNs Cash Crisis May Force Hiring Freeze, Limit Official Travel & Curtail Expenses System-Wide
