U.N. Strategies for Financial Efficiency Amid Cash Crunch

Amid a cash crisis, the United Nations, led by Secretary-General Antonio Guterres, is intensifying efforts to improve efficiency and cut costs as it marks its 80th anniversary. The UN80 taskforce has been created to address the crisis, with a focus on financial prudence and strategic reforms despite global political uncertainties.

The United Nations is facing a daunting financial challenge as it turns 80, according to Secretary-General Antonio Guterres. Speaking on Wednesday, Guterres emphasized that the organization's drive to boost efficiency and cut costs does not mirror the U.S. initiative led by President Donald Trump and Elon Musk. "We are talking about completely different processes, methodologies, and objectives," Guterres clarified.

In response to pressures, including Trump's recent calls for the U.N. to "get their act together," Guterres announced the creation of a UN80 taskforce. This initiative aims to intensify ongoing reforms, ensuring that U.N. budgets reflect both fiscal responsibility and commitment to global values. The liquidity crisis continues with not all 193 member states meeting their dues fully or punctually.

With a 2025 budget of $3.7 billion, the U.N. seeks strategic financial management amid uncertainties regarding contributions from major nations like the United States and China. As the organization adapts by reducing planned spending and freezing hiring, officials remain cautious about potential job cuts, stating, "Everything is on the table and nothing is off the table."

(With inputs from agencies.)