UN Secretary-General Antonio Guterres has announced a new initiative aimed at improving efficiencies at the 80-year-old world organisation and making it more cost-effective. The ‘UN80 Initiative’ will come up with proposals in areas of rapidly identifying efficiencies and improvements in the way the UN works. It will also review the implementation of all mandates given to the UN by member states, which have significantly increased in recent years. While announcing the initiative in New York yesterday, Mr. Guterres said that the world is facing challenges on every front. He also voiced concern over shrinking resources and liquidity crisis amid an environment of uncertainty and unpredictability.