US plans $725 million payment towards its large UN debt
WASHINGTON/GENEVA — The Trump administration has started the process to transfer $725 million to the United Nations, a congressional notification seen by Reuters showed, a move aid experts said was a welcome step towards paying billions in dues owed. There was no immediate response from Washington to questions about the reasons for the payment from an administration which has slashed funding to…
The Trump administration is initiating a transfer of $725 million to the United Nations, as reported by a congressional notification obtained by Reuters. Experts view this move as positive progress towards settling the substantial dues the U.S. owes. There has been no immediate response from Washington to inquiries about the motives behind this payment, given the administration's history of reducing funding to numerous U.N. agencies and criticizing the global body for not meeting its objectives.
The funds, outlined in an August 4 State Department notification letter to Congress that has not been widely reported, are scheduled to be disbursed prior to a planned address by U.S. President Donald Trump at the U.N. General Assembly in New York next month. U.N. Secretary-General Antonio Guterres had previously warned this year that the organization was on the brink of financial collapse due to unpaid contributions from member states, and the U.N. has implemented significant budget cuts.
The $725 million payment would represent less than 20 percent of the over $4 billion that the U.N. stated in May it was owed by the United States.
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- US plans $725 million payment towards its large UN debt koreatimes.co.kr
