U.N. States Overcome Impasse To Pass Peacekeeping Budget
A U.N. General Assembly committee approved on Thursday a new troop-reimbursement rate for countries contributing nearly 100,000 peacekeepers to 16 missions, overcoming an impasse that left the world body’s operations in financial limbo for three days. Budget negotiations between the 193 member states had hit a standstill on the monthly reimbursement rates for the next four years: The Group of 77 developing nations and China wanted a more than 50 percent jump to $1,763, while Western donor states wanted a smaller increase, diplomats said. The General Assembly Fifth Committee, which deals with the United Nations budget, eventually agreed by consensus a new rate of $1,332 for the first two years – a 10 percent increase over last year – increasing to $1,365 in the third year and $1,410 in the fourth year, diplomats said.
“U.N. States Overcome Impasse To Pass Peacekeeping Budget” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.