United Nations: Going for Broke?

"The problem is serious,"said U.N. Secretary-General U Thant, as the organization's financial crisis that has hamstrung the 19th Assembly dragged into still another week. The U.N., he had only $14.6 million cash on hand needed $9,000,000 a month simply to meet payrolls around the world and normal operating expenses. As for accounts payable, some $136 million in overdue assessments were on the U.N.'s books, and U Thant issued for the first time the names of the 16 delinquents: Russia and eight other Communist nations, France, Belgium, Haiti, Paraguay, South Africa, Yemen and Bolivia.

Under Article 19 of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!