Asia’s family offices and corporations must step up to replace a cash-strapped UN and fill the SDG funding gap

The United Nations faces a deepening liquidity crisis. Secretary-General António Guterres has warned of an “imminent financial collapse” as the international body confronts $1.6 billion in unpaid dues and billions more in peacekeeping arrears. The UN isn’t about to shut down, but its capacity to operate and coordinate global actions is going to erode.

As the United Nations inevitably trims its support for sustainable development, Asia is going to have to find a replacement source of capital.