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UN reaches budget deal, ending reform impasse
(Reuter)
Updated: 2005-12-24 09:02
U.N. delegates said on Friday that wealthy and developing nations had bridged
their differences and reached a last-minute agreement on a 2006 budget, ending
an impasse over U.N. management reforms.
Under the deal, approved after months of arduous negotiations, U.N. spending
would initially be capped at $950 million -- enough only for the first six
months of the year -- until Secretary-General Kofi Annan concluded that enough
management reforms had been adopted to release funding for the second half of
2006.
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