UN's Baerbock on Selecting New Secretary-General, Funding

Watch on YouTube ↗  |  July 20, 2026 at 21:37  |  9:09  |  Bloomberg Markets
Speakers
Annalena Baerbock — United Nations General Assembly President

Summary

UN General Assembly President Annalena Baerbock discusses the ongoing selection process for the next Secretary-General, emphasizing the historic opportunity for a female candidate and the push for transparency. She highlights the balance of power between the Security Council and the General Assembly, and warns of a looming UN liquidity crisis that is driving urgent financial reforms.

  • Six candidates (four women, two men) are in the race for UN Secretary-General, with straw polls starting this week.
  • Baerbock stresses the possibility of the first female Secretary-General in the UN's 80-year history and the credibility implications for the organization.
  • The selection process has become more transparent under Baerbock's presidency, including live-streamed town hall meetings.
  • Power dynamics between the P5 Security Council members and the 193-member General Assembly are central to the final decision.
  • The UN is facing a liquidity crisis, with the US and China in arrears, and has already been forced to cut its budget.
  • Financial rule changes are being implemented, and Baerbock suggests non-paying member states could lose their voting rights.
  • Reform efforts aim to modernize UN operations without undermining its three foundational pillars: peace and security, sustainable development, and human rights.
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