UN set to launch 30 Million USD peace building fund for Somalia

The United Nations will next week launch a peace building fund (PBF) worth 30 million U.S. dollars to help support the country’s peace building efforts.

The UN Assistance Mission in Somalia (UNSOM) said on Thursday a joint launch of the new PBF portfolio will be held to highlight the interlinkages between the new projects.

The projects will also address Somalia’s peace building priorities as outlined in the peace building priority plan, the national development plan, the national stabilization strategy, the Wadajir Framework, and the national reconciliation framework.

“The current portfolio consists of nine active projects valued at 30 million dollars – a sign of the PBF’s increasing focus on Somalia in support of the country’s peace building and state-building efforts,” UNSOM said in a statement ahead of the launch.

It said the UN secretary-general’s PBF has supported Somalia’s peace building process since 2009, adding that investments to date amount to about 45 million dollars, of which a record level of 14 million dollars was allocated to five new projects in 2018.