Media Coverage

The UN is reinventing its finances — and it’s a better bet than you think

In Devex, David Passarelli and Michael Franczak examine how the UN is adapting its financing models amid growing funding gaps.

It’s been a tumultuous year in Turtle Bay. Amid new threats to defund the United Nations, the secretary-general and U.N. member states have used the organization’s 80th anniversary to focus on cost-saving and efficiency measures. This effort, known as UN80, has been underway for nearly a year, and while staffing cuts and mergers have helped staunch the bleeding, a critical question remains: How can we pay for the U.N.’s future?

Funding determines what the U.N. can actually do. Whether the challenge is pandemic preparedness, climate adaptation, or digital capacity in low- and middle-income countries, the U.N. needs capital to translate scientific consensus and political agreement into action.

Read the rest of the article in Devex here.

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