Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > UN rights chief warns of $60 million funding shortfall
    Headlines

    UN rights chief warns of $60 million funding shortfall

    UN rights chief warns of $60 million funding shortfall

    Published by Global Banking and Finance Review

    Posted on June 11, 2025

    Featured image for article about Headlines

    GENEVA (Reuters) -The United Nations Human Rights Office faces a dire financial crisis with a shortfall of at least $60 million this year due to funding cuts from donor states, its head said on Wednesday.

    "I will not be able to staff 11 countries with a human rights presence ... It will mean that people will suffer as a result," the U.N. High Commissioner for Human Rights, Volker Turk, told reporters in Geneva.

    OHCHR has received $179 million of its $246 million annual regular budget so far for this year, a shortfall of $67 million, it said. Its extra-budgetary budget projects stand at $209 million, which is $60 million less than last year.

    Turk pointed to efforts to relocate some staff members to regional offices such as Vienna, Beirut and Panama City to both save costs and bring personnel closer to the countries in their brief.

    "I hope that political leadership around the world, including in Europe, wakes up to that reality, and my call on them is to support the human rights course, strategically, politically, but also financially," Turk said.

    UNHCR and multiple United Nations agencies are grappling with major funding cuts due to significant donors slashing contributions, particulary the United States which has annually provided nearly a quarter of the U.N. budget.

    The upcoming 59th session of the Human Rights Council had to make 250,000 Swiss francs' ($304,803.71) worth of savings, according to its president, and reduce the duration of the meeting by 2.5 days to save money.

    "I am concerned... Diplomacy is about listening to each other ... it happens when people meet in Geneva in the corridors," the president of the U.N. Human Rights Council, Ambassador Jurg Lauber, told reporters in Geneva.

    "We have now reached a level where we need to take different approaches. We may have to do further cuts," he added.

    The Council's gathering begins on June 16 in Geneva.

    ($1 = 0.8202 Swiss francs)

    (Reporting by Olivia Le Poidevin; writing by Rachel More; editing by Miranda Murray and Mark Heinrich)

    Related Posts
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    Campari holding reaches 405 million euro tax settlement
    Campari holding reaches 405 million euro tax settlement
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Reactions to European Commission proposal to reverse 2035 combustion engine ban 
    Reactions to European Commission proposal to reverse 2035 combustion engine ban 
    Italy's offshore wind push languishes, putting climate goals at risk
    Italy's offshore wind push languishes, putting climate goals at risk
    New Rome metro stations showcase ancient treasures after years of delays
    New Rome metro stations showcase ancient treasures after years of delays
    New Czech government signals tough stance on migration, EU emissions rules
    New Czech government signals tough stance on migration, EU emissions rules
    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 
    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 
    Zaporizhzhia nuclear plant running on single power line, Russia says
    Zaporizhzhia nuclear plant running on single power line, Russia says
    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say
    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say
    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday
    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday
    Germany wraps up Patriot air defence mission in Poland
    Germany wraps up Patriot air defence mission in Poland

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostIMF, Serbia reach staff-level agreement on 36-month deal
    Next Headlines PostEU, Britain seal post-Brexit deal easing Gibraltar border flow

    More from Headlines

    Explore more articles in the Headlines category

    Bosnian police detain two officials over deadly retirement home fire

    Bosnian police detain two officials over deadly retirement home fire

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Family of Bondi hero in Syria says his home country is proud of him

    Family of Bondi hero in Syria says his home country is proud of him

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    UK police arrest teenage boy for murder after 9-year old girl dies

    UK police arrest teenage boy for murder after 9-year old girl dies

    Russia is main treat to peace in Euro-Atlantic area, eight northern and eastern European countries say

    Russia is main treat to peace in Euro-Atlantic area, eight northern and eastern European countries say

    UK to review foreign interference in politics after ex-Reform member's Russia bribery case

    UK to review foreign interference in politics after ex-Reform member's Russia bribery case

    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'

    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'

    Italy plans 2.4 billion euros investment in frigates, document shows

    Italy plans 2.4 billion euros investment in frigates, document shows

    Swedish greenhouse gas emissions on rise again after government relaxes fuels policy, data shows

    Swedish greenhouse gas emissions on rise again after government relaxes fuels policy, data shows

    Eurovision host says it will not drown out any boos during Israel's performance

    Eurovision host says it will not drown out any boos during Israel's performance

    View All Headlines Posts