Governments approve major financial reform to alleviate UN cash crisis
Landmark decision by UN General Assembly overturns archaic rule pursuant to which UN was forced to return cash to States that paid their dues so late each year that the UN was unable to spend it, while being starved of funds for the vast majority of the year. This cash crisis meant that many of the UN’s human rights mechanisms have been unable to properly function. The US and other Member States must still pay their assessed contributions in full and on time.