News China asks US to pay debts to UN

-

- Advertisment -

China asks US to pay debts to UN

News China asks US to pay debts to UN

US President Donald Trump answers a question during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 18, 2020, in Washington, DC. – Trump ordered the suspension of evictions and mortgage foreclosures for six weeks as part of the government effort to ease the economic pain from the coronavirus pandemic. (Photo by Brendan Smialowski / AFP)

China on Friday issued a statement calling on all UN member states to “actively fulfill their financial obligations to the United Nations,” stressing that Washington owes the organisation more than $2 billion.

“As of May 14, the total unpaid assessments under the UN regular budget and peacekeeping budget amount to 1.63 billion and 2.14 billion US dollars respectively,” the Chinese statement said, citing a report from the UN Secretary-General’s office and a meeting held on Thursday.

Including arrears that stretch back several years, “the United States is the largest debtor, owing 1.165 billion and 1.332 billion US dollars respectively,” China added.

The US is the biggest contributor to the UN budget, paying 22 percent of its annual running costs, a bill which adds up to around $3 billion; and 25 percent of its peacekeeping operations, which amount to some $6 billion a year.

Officially, Washington is meant to pay 27.89 percent of the peacekeeping budget, but a decision made by Congress and implemented by President Donald Trump in 2017 cut that payment to 25 percent, meaning Washington runs up an annual shortfall of $200 million.

The United States also has a fiscal year that runs from October to October, which can make it look like an even bigger debtor at certain times of the year.

The US mission to the UN dismissed the call, saying China is “eager to distract attention from its cover-up and mismanagement of the COVID-19 crisis, and this is yet another example.”

It continued: “The United States recently made a payment of $726 million toward its peacekeeping assessment, and per practice will pay the bulk of its assessment at the end of the calendar year.”

It said the total peacekeeping arrears was $888 million, adding: “Roughly two-thirds of this amount is the result of payment at the rate of 25 percent from 2017 through the present.”

The payment of contributions by member countries for peacekeeping operations has a direct impact on the reimbursements the UN pays to countries that contribute troops to the 15 or so missions around the world.

In a report on May 11, Secretary-General Antonio Guterres warned that “there may be significant delays towards the middle of the year, unless the cash position across missions improves significantly.”

On Thursday, around 50 of the 193 member states, including China, paid their contributions in full, which Beijing — the second largest contributor, far behind the United States — noted in its statement.

China pays around 12 percent of the UN’s running costs and around 15 per cent of the peacekeeping budget.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Updates

Real Madrid boss uncertain about Eden Hazard return

Zinedine Zidane does not know when Eden Hazard will be fit to play for Real Madrid as the Belgium...

Man in court for allegedly defrauding business partner of N10 million

File PhotoA man, Hule Sunday, on Tuesday appeared in a Wuse Zone Six Chief Magistrates’ Court, Abuja, for allegedly...

Mali appoints ex-defence minister as transition leader

Mali’s military junta announced the leaders of a new transition government in the Sahel state on Monday, which will...

Edo election tribunal opens secretariat to receive petitions

The Court of Appeal President, Justice Monica Dongban-Mensem, has established a Governorship Election Petition Tribunal Secretariat in Edo State.Justice...
- Advertisement -

Super Eagles coach proud of latest FIFA ranking

Super Eagles coach Gernot Rohr says he’s happy with the improvement the team has made since his arrival.Since Rohr...

Taiwan tells China to ‘back off’ as airspace ‘incursions’ rise

Taiwan on Tuesday demanded that China “back off” and accused it of threatening peace, after recent incursions and a...
- Advertisement -

You might also likeRELATED
Recommended to you