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. Last Updated: 07/27/2016

UN Financial Crisis

WASHINGTON () -- Secretary General Boutros Boutros-Ghali warned that the United Nations' financial crisis, contrary to what doubters think, is so dangerous that he may have to start closing the organization next summer if the United States and others refuse to pay what they owe.

The U.S. failure to pay has induced many other countries to hold back, he said Wednesday. As a result, he said, the UN is now owed $3.2 billion by its members, half of it by the United States.

Boutros-Ghali said he would be forced to start closing down programs next summer and that he anticipates controversy in the UN about the programs selected for the first cuts.