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$439m pledged for UN peace fund, far short of $1.5b goal

United Nations - The goal of Financing for the Peacebuilding Fund is to mobilise $1.5 billion over five years between 2020 and 2024

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Over three dozen nations have pledged or contributed more than $439 million to help secure peace in conflict-stricken states, the United Nations said on Tuesday, a sum that falls far short of the hoped-for $1.5 billion.

Member states met via videoconference, committing to “the importance of investing in peace,” according to a UN statement.

“Including funds received for 2020, 39 member states have contributed or pledged over $439 million for peacebuilding in support of the fund’s 2020-2024 Strategy,” the statement said.

“The goal is to mobilise $1.5 billion over five years between 2020 and 2024,” said Marc-Andre Franche, the head of the Financing for the Peacebuilding Fund, which was created in 2006.

The fund has financed operations in 51 countries — including in the Sahel, Central Asia, Central America and the Balkans — over the last three years for a total of $356 million.

In that cycle, 34 countries contributed money, but 60 per cent of the total came from just Germany, Sweden and Britain, according to Franche.

German Foreign Minister Heiko Maas said that his country is looking toward contributing at least 50 million euros ($60.8 million) in the next two years.

French Ambassador to the UN Nicolas de Riviere said his nation would quadruple their contribution to reach $4.5 million.

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