UN committee dealing with global insolvency practices has little cash
The United Nations Committee on Global Insolvency Practices gains practical experience with the shortage of money.
UN Commission Working Group Five on International Trade Law has warned delegates at its next meeting that copies of important documents will not be available in advance “due to the UN liquidity crisis.”
The group is investigating insolvency schemes around the world to see how they may or may not serve bankruptcy small, medium or micro enterprises.
An important part of the UN’s funding problems relates to the actual and proposed actions of Donald Trump
It would take place in New York in May, but due to the December coronavirus crisis in Vienna.
An important part of the UN’s funding problems relates to the actual and proposed actions of Donald Trump.
On June 8, the US think tank, the Council on Foreign Relations, warned, “The US remains the largest donor to the UN, contributing $ 10 billion in 2018, just under a fifth of the UN’s collective budget.”
Until now, the president’s attempts to cut US spending on the UN have been largely frustrated by Congress, but it warns, “If the proposed cuts in foreign aid spending continue, the UN is likely to undergo significant changes.”