US plans $725 mil. 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…
Washington has initiated the process of transferring $725 million to the United Nations, according to a congressional notification obtained by Reuters. This step is seen as a positive move towards settling the billions in dues owed by the U.S. to the global organization. However, the administration has not provided any immediate explanation for the payment, despite its history of reducing funding to numerous U.N. agencies and criticizing the body for failing to meet its potential.
The funds, disclosed in a State Department notification letter to Congress on August 4th, are scheduled to be disbursed before President Donald Trump's anticipated address to the U.N. General Assembly in New York next month. U.N. Secretary-General Antonio Guterres recently warned that the organization faces imminent financial collapse due to unpaid contributions from member states, leading to significant budget reductions.
The $725 million payment would represent less than 20 percent of the over $4 billion that the U.N. claims is overdue from the United States.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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