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The United Nations Peacebuilding Fund (PBF) is a multi-year standing trust fund for post-conflict peacebuilding, established in 2006 by the UN Secretary General at the request of the UN General Assembly with an initial funding target of $250 million.
The fund was established out of the recognition that among the impediments to successful peacebuilding is the scarcity of resources, most notably financial resources. The fund aims therefore to extend critical support during the early stages of a peace process. Its design embodies several key principals:
Recognition of national ownership of peace processes
The need to serve as a ‘catalyst’ to kick-start critical peacebuilding inventions
To utilize United Nations Agencies, funds and programmes as recipients to support project implementation by national entities
To operate as a disbursement process at the country level
Since its establishment in October 2006, the Peacebuilding Fund facility has been activated for the two countries currently under consideration by the Peacebuilding Commission, Burundi and Sierra Leone. The secretary-general allocated US$35 million each for these two countries earlier this year.
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