Peacebuilding Fund Pledging Conference Raises US$152 Million

22 Sep 2016
Peacebuilding Fund Pledging Conference Raises US$152 Million

On 21 September, the Governments of Kenya, Mexico, the Netherlands, the Republic of Korea, Somalia, Sri Lanka, Sweden and the United Kingdom co-hosted a pledging conference for the Peacebuilding Fund. The United Nations Secretary-General Ban Ki-Moon opened the well-attended conference which aimed to expand the Fund’s donor base and increase contributions to the fund. By the end of the conference 30 Member States had pledged over US$152 million for the period 2016- 2019. The Peacebuilding Fund was established in 2006 and is the UN system’s financing tool of first resort to help sustain peace. It provides fast, flexible and risk-tolerant financing to UN efforts supporting political solutions aimed at preventing the lapse and relapse into conflict in fragile nations. The total amount pledged falls short of the Fund’s goal of a working capital of US$100 million per year, but is enough to allow the PBF to continue its work in the short term while Member States and the UN seek solutions for long-term funding.

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