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Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
Published by Global Banking & Finance Review®
Posted on February 7, 2026
5 min readLast updated: February 7, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on February 7, 2026
5 min readLast updated: February 7, 2026
The US plans an initial payment towards billions owed to the UN, highlighting the need for continued reforms amid financial concerns.
WASHINGTON, Feb 6 (Reuters) - The United States will make an initial payment towards the billions of dollars it owes to the United Nations in a matter of weeks, the U.S. ambassador to the world body told Reuters on Friday, while stressing the need for the U.N. to continue reforms.
Mike Waltz made the comments in a telephone interview two weeks after U.N. Secretary-General Antonio Guterres sounded the alarm on U.N. finances and warned that the 193-country organization is at risk of "imminent financial collapse" due to unpaid fees, the majority of which are owed by Washington.
"You'll certainly see an initial tranche of money very shortly," Waltz said. "It'll be a significant ... down payment on our annual dues ... I don't believe that the ultimate figure is decided, but it'll be in a matter of weeks."
U.N. officials say more than 95 percent of what is owed to the regular U.N. budget is owed by the United States - $2.19 billion by the start of February. The U.S. also owes another $2.4 billion for current and past peace-keeping missions and $43.6 million for U.N. tribunals.
On December 30, the U.N. General Assembly approved $3.45 billion for the regular U.N. budget for 2026, following weeks of negotiations. This covers costs of running U.N. offices around the world, including the headquarters in New York, staff salaries, meetings and development and human rights work.
The U.N. funding crisis comes at a time when the United States under President Donald Trump has been retreating from multilateralism on numerous fronts. U.S. arrears to the United Nations have grown substantially during his presidency, even though America’s history of falling behind on its U.N. payments stretches back decades.
U.N. officials say the U.S. did not pay into the regular budget last year and owes $827 million for that, as well as $767 million for 2026.
CONGRESSIONAL SPENDING BILL
On Tuesday, Trump signed into law a spending bill that includes $3.1 billion for U.S. dues to the U.N. and other international organizations.
Asked if the money he spoke of would go towards last year's dues or those for 2026, or both, Waltz said: "just in general, towards the arrears, and also in recognition of some of the reforms that we've seen."
Under Trump, as well as refusing to make mandatory payments to the U.N.'s regular and peacekeeping budgets, the U.S. has slashed voluntary funding to U.N. agencies with their own budgets, and moved to exit U.N. organizations including the World Health Organization.
Waltz said the United States was very supportive of Guterres' UN80 reform effort and called it an important first step that needed to be continued.
"It doesn't go far enough, but it's an important step. I wish the secretary-general had made it in year one or two of his tenure, not year nine," he said.
"We're very focused ... on getting back to basics, on peace and security. And ... the president is rightly asking, how can we get the UN back to realizing its full potential?
"All of those conversations are currently being had and are in play, and we expect to see more reforms coming," Waltz said.
'TOUGH LOVE'
"This is some tough love. The current model is unsustainable for a lot of countries, and we're trying to get the UN back, fit for purpose and focused, and stop trying to do everything for everyone."
Waltz said reducing duplication was a key aim, saying that for example, there were seven UN agencies with climate change as their primary mission.
"Now, regardless of the climate change debate, we don't need seven," he said, adding that the U.S. also supported consolidation of logistics and back offices at humanitarian agencies.
"The UN bureaucracy has grown too large, and needs to be much more efficient and effective," he said.
Guterres launched his UN80 reforms last year, seeking to cut costs and improve efficiency. The approved 2026 regular budget is roughly $200 million higher than he proposed, but about 7 per cent lower than the approved 2025 budget.
He warned last month that the U.N. could run out of cash by July and cited a "Kafkaesque" requirement for it to credit back hundreds of millions of dollars in unspent dues to states each year even if it never received the money.
Waltz said member states should change this rule.
He said U.S. peacekeeping arrears were in part due to a "statutory disconnect" between what the U.N. assesses and U.S. law allows to be paid and added: "That'll be addressed the next time we negotiate our assessments, which I believe is next year."
(Reporting by David Brunnstrom; editing by Diane Craft)
The United Nations (UN) is an international organization founded in 1945, aimed at promoting peace, security, and cooperation among countries. It comprises 193 member states and addresses global issues like human rights, development, and international law.
UN dues are financial contributions that member states are required to pay to support the operations and programs of the United Nations. These dues are based on each country's gross national income and are essential for the UN's functioning.
Arrears refer to unpaid debts or overdue payments. In the context of the UN, it signifies the outstanding dues that member states, particularly the US, owe for their financial commitments to the organization.
Financial reform refers to changes made to improve the efficiency, transparency, and accountability of financial systems. In the context of the UN, it involves restructuring how funds are managed and allocated to enhance operational effectiveness.
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