Credit: United Nations
By Thalif Deen
UNITED NATIONS, Feb 6 2026 – The current UN financial crisis, described as the worst in the 80-year-old history of the world body, triggers the question: is the US using its financial clout defaulting in its arrears and its assessed contributions to precipitate the collapse of the UN?
If the crisis continues, the UN headquarters will be forced to shut down by August, ahead of the annual meeting of world leaders in September this year, according to a report in the New York Times last week, quoting unnamed senior UN officials.
But apparently there is still hope for survival —judging by a report coming out of the White House.
Asked about the current state of finances, UN Spokesperson Stephane Dujarric told reporters February 5: “We’ve seen cuts by the United States. We’ve seen cuts by European countries over the last year. And every day, I talk to you about what happens when there’s no money, right?”
“Rations are being reduced, health care not being delivered. So, I mean it’s pretty clear. In terms of the Secretariat, should it come to pass, it will impact our ability to run meetings in this building, to do the political work we do, the peacekeeping work that we do”, he pointed out.
About hopes of a possible resolution, he said “I do also have to say that we saw the reports…earlier this week – of the President of the United States signing a budget bill, which includes funding for the United Nations”.
“We welcome that, and we will stay in contact with the US over the coming days and weeks to monitor the transfers of those monies,” said Dujarric.
Meanwhile, in an interview with IPS last week, Sanam Naraghi Anderlini, Founder/CEO, International Civil Society Action Network (ICAN), said the potential financial collapse of the UN is depressing and yet so indicative of these times, when leadership everywhere is devoid of any sense of responsibility and has no care for the future.
They are the antithesis of the UN’s founding fathers and mothers, who, having experienced the hell of war and destitution first hand, committed themselves to creating a global peace and security architecture with the goal of preventing such hell for us – the future generation – their descendants, she argued.
“We all know that the UN system has never been perfect. It has never lived up to its potential. Often this has been due to the shenanigans of the powerful states, who persist in manipulating the institution for their own interests”.
The UN Security Council has long been the insecurity Council, given how the P5 are all implicated in one or other of the worst wars and genocides of the past 25 years, she said.
“But they are not solely to blame. Within the system too, we have seen both leadership and staff with vested interests, benefitting from the inertia, and unwilling to uphold new practices and priorities that would have brought transformative impact”.
“But dysfunction should not lead to abandonment and the dismantling of the system. The UN cannot be stripped and have its key assets and functions sold to the lowest bidder”.
Already, she said, the dystopian (US-created) Board of Peace is akin to the corporate raiders and vulture funds of the finance world – trying to strip the UN of its key functions but with no accountability or guard rails pertaining to its actions.
As it stands, the U.S. currently owes about $2.196 billion to the U.N.’s regular budget, including $767 million for this year and for prior years, according to U.N. sources.
The U.S. also owes $1.8 billion for the separate budget for the U.N.’s peacekeeping operations overseas, and that also will rise.
As of February 5, only 51 countries had paid their dues in full for 2026—that’s 51 out of 193. A breakdown of the last four payments follows: Australia, $65,309,876, Austria, $20,041,168, Croatia, $2,801,889, and Cyprus $1,120,513.
Dr. Stephen Zunes, Professor of Politics and International Studies at the University of San Francisco, told IPS on the one hand, the United States has been in arrears in its payments to the United Nations quite a bit in recent years, but the UN has managed to get by.
However, the extent of the Trump administration’s cutbacks and the ways they are being targeted at particularly vulnerable programs has resulted in this unprecedented fiscal crisis.
“The hostility of the Trump administration to the United Nations is extreme. Trump has made clear he believes there should be no legal restraints on the conduct of U.S. foreign policy, so it is not surprising he would seek to undermine the world’s primary institution mandated with supporting international law and world order,” declared Dr Zunes.
Addressing the UN’s Administrative and Budgetary Committee last week Chandramouli Ramanathan, Assistant Secretary-General, Controller, Management Strategy, Policy said: “The UN staff is progressively losing confidence in the entire budget process,” referring to cash shortages that have led to severe spending and hiring restrictions. The United Nations needs to find a compromise that allows the Organization to function effectively, he added.
Anderlini, elaborating further, told IPS “now more than ever, the institution must be sustained and enabled to thrive and deliver on the promise of the Charter, the Universal Declaration of Human Rights and the body of conventions and policies that have been developed through painstaking work to meet the challenges of today’s world.”
When global military spending is topping $2.6 trillion, she said, the UN’s approved annual budget of $3.45 billion seems like pocket change.
“It is absurd for our governments to be borrowing billions to fund weapons, but nickel and diming the UN, governmental agencies and civil society organizations that work to prevent conflict, build peace and ensure human and environmental security.”
“We live in an era where one man’s assets may soon be valued at over one trillion dollars and the world’s billionaire class wealth increased by $2.5 trillion in just one year 2025. They are lauded and applauded even though their wealth is made on the backs, bodies and lands of “We the people of the United Nations” – whether through tax avoidance or investment in high climate impact sectors such as fossil fuels and mining.”
Perhaps they should be taxed and forced to foot the bill for their complicity in the disasters that the UN is forced to clean up.
Peace and development are good for business, she argued. “They are essential for any society to survive and thrive. The UN and the global ecosystem of institutions and people dedicated to caring for the world give us our humanity – far beyond anything that can be limited to monetary value. But in dollar terms they are a great investment with returns that benefit billions of people worldwide, not just a stockpile of deadly weapons or a handful of billionaires”.
Thanks to member states’ abrogation of responsibility to uphold human rights and prevent the scourge of war, violence cost the world $19.97 trillion in 2024, or 11.6% of global GDP. According the Institute of Economics and peace this represents $2,455 per person, includes military spending, internal security, and lost economic activity, declared Anderlini.
IPS UN Bureau Report
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