The Multi-Donor Trust Fund is the UN’s main instrument for supporting countries around the world emerging from or at risk of violent conflict. The fund sits alongside the Peacebuilding Commission and the Peacebuilding Support Office.
The announcement came as Security Council and the General Assembly adopted two resolutions in support of the UN peacebuilding body, providing a model for making it more impactful.
“A quantum leap”
Making the $1 billion announcement at a news conference in New York, head of peacebuilding support Elizabeth Spehar and chair of the fund’s advisory group, Macharia Kamau, said the funding milestone reflects the Secretary-General’s call for a “quantum leap” in funding.
Despite this success, the Fund faces a shortfall of $500 million compared to its target of $1.5 billion for the period 2020-2026.limiting its ability to meet growing demand from Member States for its essential support services.
The Fund currently supports more than 50 countries, three-quarters of which are in Africa.
Joint resolution
Earlier on Wednesday, the Security Council unanimously adopted a resolution in support of the UN’s comprehensive peacebuilding efforts, with the General Assembly adopting the same text shortly after. The coordinated approach endorsing the organization’s peacebuilding architecture first took place in 2005.
The resolution highlights the UN’s continued focus on preventing conflict and supporting lasting peace, emphasizing that real results come when development, human rights, peace and security work hand in hand.
Ms Spehar said the timing of the votes and the corresponding announcement of the $1 billion in funding was “very important”.
For more details on the vote and resolution, visit our meetings coverage page, here.
Publicado anteriormente en Almouwatin.
