UN Office at Geneva must save CHF14 million due to cashflow crisis
The United Nations Office at Geneva must save $15.5 million (CHF13.9 million) due to an ongoing liquidity crisis. Some of the buildings at its European headquarters are to be temporarily closed. “We are going to do everything we can, without touching our fundamental mandate,” the director of the UN Information Service, Alessandra Vellucci, told the Keystone-ATS news agency on Friday. Each department has taken a number of decisions based on the efforts requested by UN Secretary-General Antonio Guterres. The UN has been facing a cashflow crisis with delayed contributions from member countries. But funds are starting to be paid, say officials. “We have never had so many contributions in March for fifteen years. The member states are reacting. The Secretary General’s request has been heard,” said Vellucci. But the cashflow crisis remains a problem. To preserve UN staff salaries and guarantee the institution’s mandate, several measures have already been implemented, such as the closure …
International Law in Switzerland - Professor Andreas R Ziegler 