Reimbursement by the UN for
The UN had a positive cash balance of USD 412 million at the end of 2010 but it finished 2018 with a negative cash balance of USD 323 million - a decrease of USD 735 million in an eight-year period. The United Nations is now effectively borrowing for prolonged periods from troop- and police-contributing countries.In his report on improving the financial situation of the world body, he said, as of March 31, 2019, the total amount payable to troop- and police-contributing countries with respect to active peacekeeping missions was USD 265 million. In some cases, TCCs and PCCs are owed 100 to 200 times their cumulative annual financial contributions to the UN," he had said."It results in TCCs/PCCs bearing unsustainable burdens.The United States is responsible for 22 per cent of the USD 5.The UN chief requested the General Assembly to increase the Working Capital Fund to USD 350 million effective July 1, 2019 and to create a Peacekeeping Working Capital Fund of USD 250 million and authorise its use to address the liquidity challenges of active peacekeeping operations among ways to help improve the financial situation of the world body and deal with timely payment of dues to troop and police contributing countries.Mr Guterres said while the UN is working to become more effective, nimble, accountable, transparent and efficient, the success of the organisations efforts depends not only on the internal efforts of the Secretariat, but also on the support of Member States and on the predictability and adequacy of their financial contributions to UN programmes and activities.The UN chief added that which troop- and police-contributing countries will or will not be paid depends on the cash position of the individual missions to which they contribute and is not determined by their individual capacity to shoulder that unfair burden." The overall level of unpaid peacekeeping contributions is also affected by the decision of one Member State to contribute at a level approximately 3 per cent below its applicable rate of assessment," he said. The level of arrears at the end of 2018 was USD 529 million, equivalent to more than 21 per cent of that years assessments and nearly 150 per cent of the liquidity reserves," he said.
Earlier this year, Indias Permanent Representative to the UN Syed Akbaruddin had said that the financial situation of the United Nations peacekeeping, particularly the non-payment/delayed payment of arrears to the troop/police contributing countries, is a "cause for concern".He said the arrears to troop and police contributing countries (TCCs/PCCs) could increase to USD 588 million by June 2019 "in the worst-case scenario"."Regrettably, some member states pay neither in full nor on time.. The delays in reimbursing the contributing countries expose them to financial challenges in pursuit of their efforts and consequently have an adverse impact on the operations and the delivery of their mandates," he said. The United Nations, however, is not fulfilling its obligation towards them in a timely manner," he said."Peacekeeping operations also face frequent cash constraints that forced the Organisation to postpone the settlement of its obligations to troop- and police-contributing countries," he said.Expressing concern about the organisations deteriorating financial health, the UN chief, said the UN is facing deepening liquidity problems in its regular budget, a trend that must be urgently halted and reversed.4 billion regular budget for 2018 and 2019 and more than 28 per cent of the USD 6.Of this, the UN owes USD 38 million to India, followed by Rwanda (USD 31 million), Pakistan (USD 28 million), Bangladesh (USD 25 million) and Nepal (USD 23 million), Antonio Guterres said in his report."That has created a paradox. In 2017 and 2018, 73 member states had paid their contributions in full by the end of the first quarter, compared with 62 in 2016 and 67 in 2015.United Nations: The United Nations owes India USD 38 million, the highest it has to pay to any country, for the peacekeeping operations as of March 2019, UN Secretary General Antonio Guterres has said as he voiced concern over the world bodys deteriorating financial health.
"Reimbursement by the UN for their contributions is key to supporting those efforts.As of the end of the 2017/18 peacekeeping fiscal year, outstanding contributions to peacekeeping operations amounted to almost USD 2 billion, well above the USD 1.7 billion peacekeeping budget for the year to June 30.3 billion unpaid as on June 30, 2017.Mr Guterres said that regular budget assessments are issued at the beginning of each year and member states are required to pay their contributions in full within 30 days."At the same time, the Organisation is asking those same countries to do more to train their personnel and improve the quality of their equipment, all while operating in increasingly challenging environments. tilting pad thrust bearing Manufacturers So far, 74 member states have paid in full in 2019.He had said that the practice of delaying payments to TCCs/PCCs, even as contractual obligations to others are met, cannot continue unaddressed.Antonio Guterres further said that troop- and police-contributing countries make every effort to provide well-trained and well-equipped personnel to peacekeeping operations, and they continue to improve on that objective. Many of them are low-income countries for which that imposes a significant financial burden," he said.
