UN Needs $1.5 Billion to Close Budget Gap

    Some $1.5 billion is needed to cover the United Nations budget gap for 2008-2009, U.N. Under-Secretary-General for Management Angela Kane

    . The shortfall is due debts of Brazil, China, Germany, Iran, Mexico, Norway, the Republic of Korea, U.K and U.S. Given the current economic climate, "member states are having a harder time meeting their financial obligations," Kane noted.

    About the author

    • Dsc05567

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.