The United Nations faces a deepening liquidity crisis. Secretary-General António Guterres has warned of an “imminent financial collapse” as the international body confronts $1.6 billion in unpaid dues and billions more in peacekeeping arrears. The UN isn’t about to shut down, but its capacity to operate and coordinate global actions is going to erode.
As the United Nations inevitably trims its support for sustainable development, Asia is going to have to find a replacement source of capital. The answer will have to come from those with money: the region’s wealthy, and its corporations.
