Peacebuilding Fund requires new donations: UN chief

08:10, November 05, 2010      

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The Peacebuilding Fund must be replenished, UN Secretary-General Ban Ki-moon said at a high- level meeting here Thursday, calling for more donations to the fund in order to pave the way for post-conflict rebuilding and stability.

"I call upon all of you to contribute generously to the Peacebuilding Fund ... and I invite new donors to join in this effort," Ban said while addressing the stakeholders.

"Building peace in a post-conflict setting is easy to wish for but hard to do," the secretary-general noted.

The Peacebuilding Fund, established in 2006, provides support for countries emerging from conflict and cheers for peacebuilding activities which directly contribute to post-conflict stabilization.

The Fund relies on the strengths of the entire UN system, and on the strategic guidance of the secretary-general's representatives, UN missions and country teams in the field, Ban explained.

To date, the Fund has received 342 million U.S. dollars, which exceeds the initial target of 250 million U.S. dollars. Forty-six countries have contributed.

Ban thanked all donors for their generosity and for the trust and confidence they have placed in the UN in managing and delivering this essential support.

Due to independent country-level evaluations, the multi-donor study on global peacebuilding funding instruments, and the five- year donors' review the Fund is now globally acknowledged as a responsive standing instrument for providing post-conflict support.

"Looking ahead, we want to do even more to improve efficiency and to expand our allocations," the secretary-general said.

Currently mechanisms of cooperation have been regularized with other parts of the UN system and there are plans to increase collaboration with the World Bank, he said.

The Fund's goal is to raise, allocate and spend 100 million U.S. dollars per year for the next three-year period, from 2011 to 2013, Ban said.

"This is an ambitious but feasible target, consistent with the trend line of our first years of experience," he said, adding that this funding will allow the Fund to engage at a significant level in a focused number of countries.

Source: Xinhua

(Editor:李牧(实习))

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