UNITED NATIONS– A newly established African Union (AU) Peace Fund will provide a more effective instrument to promote the cause of peace and stability in Africa and the world.
This message was delivered to the United Nations Security Council here Wednesday by the AU’s High Representative for Financing of the Union and Peace Fund, Dr Donald Kaberuka, who is charged with leading the establishment of the fund which will be responsible for 25 per cent of AU peace operations and support costs by 2020.
Predictable financing for peace efforts on the continent has long been a bone of contention in the region. The AU peace fund was first endorsed by African Heads of State and government in Kigali last year to endow the fund with 400 million US dollars by 2020.
At the UN here this week, a progress report on the operationalization of the Fund was delivered by Dr Kaberuka.
The adoption of the Peace Fund instrument and the governance structures referred to will be in place before the end of this year. With these new governance arrangements, the AU Peace Fund will provide a more effective instrument, via which the AU and her partners in the international community can work together to promote the cause of peace and stability in Africa and the world, he said.
The fund is expected to get 65 million USD annually from each of the continent’s five sub-regions, a provision which will increase to 80 million USD per region by 2020.
The main focal points of the funding would be for mediation and preventative diplomacy, institutional capacity, and peace support operations as the AU seeks to emphasize financial burden-sharing for African peace operations.
“The current international peace and security architecture is under significant pressure, given the complexity of the challenges that the world faces today. Forging an effective partnership between the UN and the African Union is therefore of the greatest strategic importance to our collective security. In this respect, the AU-UN financing partnership is critical in that it offers a pathway to predicable financing of AU peace support operations.”
The AU’s Commissioner for Peace and Security, Smail Chergui, addressing the UN Security Council via video link from AU Commission headquarters in Addis Ababa, said” “The most central issue confronting the African Union at this stage is the need to mobilize resources from African member States into the Peace Fund. At this stage I’m happy to report that almost 30 per cent of AU member States have made contributions into the Fund.
“The AU remains confident that this discussion on the Peace Fund and the possibility of predictable and sustainable funding including through the UN-assessed contribution is consolidating the strategic partnership that has emerged between both the AU and the UN.”
The establishment of the Peace Fund is a crucial development as the AU seeks to silence the guns by 2020.
Source: NAM NEWS NETWORK