WTO plans 10% budget cut due to U.S. payment defaults
The World Trade Organization (WTO) is contemplating a 10% reduction in its budget. This comes as the United States, typically the largest contributor, is among ten members defaulting on Category 1 payments. The organization, headquartered in Geneva, faces financial challenges from these outstanding contributions.
Washington, que suele ser el mayor contribuyente al organismo con sede en Ginebra, es uno de los 10 miembros con atrasos de Categoría 1