The U.N. Should Stop Ignoring Its Financial Regulations and Pay Its Debts to the Member States
Since 2004 the United Nations has inappropriately retained an increasing pool of surplus funds from closed peacekeeping missions. The Secretary-General projects that these surpluses will total $243 million by the end of 2010. Under U.N. financial rules and regulations, these funds should be returned to the member states. Instead, the Secretary-General has been allowed to use these resources as a slush fund to fill financial shortfalls in U.N. peacekeeping and in the regular U.N. budget. This is inappropriate and undermines transparency and accountability in the U.N. budgetary process.