World War II

Since its establishment in 1945, the United Nations (U.N.) has played a central role in solidifying international cooperation and promoting global peace and security. However, the U.N.’s ability to fulfil its duties depends on financial contributions from member states. As an entity, the U.N. has several budgets, including the regular budget (covers political missions, the General Assembly workings, Security Council, human rights, and legal affairs), peacekeeping budget (covers the U.N. peacekeeping missions in areas of conflicts), and voluntary budgets (covers the activities of the UNHCR, WHO, WFP and other similar agencies). As advertised by the U.N., the organization is facing a huge financial deficit that can jeopardize its global role, thereby affecting global security.   Moreover, the U.N.’s financial deficit could have several implications, including worsening humanitarian crises, allowing regional organisations to fill the gap left by the U.N., and jeopardising the global order it has sustained following the end of the Cold War.