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Financial Crises

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Chapter Summary

The debates around the adequate volume of the budget of the UN, the payment for international civil servants, the calculation of the percentages of the scale of assessments to be paid by the individual member states are as old as the Organization itself. The UN experienced three financial crises in its history in the course of which the third one is still going on today. This chapter discusses the three financial crises: the debate around the financing of peacekeeping operations in 1956/57; zero growth demand of the United States; and the continuation of the United States not to pay its obligatory contributions. The history of the United Nations could be well written in terms of financial crisis management: since the beginning of its existence the Organization suffered under tremendous problems of financing its activities.

Keywords: financial crises; financing of peacekeeping operations; UN budget; zero growth demand



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