Current Affairs PDF

India Pledged USD 150,000 to UN PeaceBuilding Fund

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

India announces pledge of USD 150,000

On 26th January, 2021, India has pledged USD 150,000 to activities of the United Nations (UN) PeaceBuilding Fund (PBF) for 2021 during the “High-level Replenishment Conference for the Peacebuilding Fund”.It was announced by India’s Permanent Representative to the UN Ambassador TS Tirumurti.

  • This pledge is on the lines of 2020 review of the UN peacebuilding architecture which provides a framework to strengthen peace building collectively.

About the High-level Replenishment Conference for the Peacebuilding Fund:

High-level Replenishment Conference for the Peacebuilding Fund was chaired by António Guterres and was Co-Chaired by H.E. Julius Maada Bio, President of the Republic of Sierra Leone; H.E. Abdalla Adam Hamdok, PM of the Republic of Sudan ;H.E. Marc Garneau, Foreign Minister of Canada, Chair of the Peacebuilding Commission ;H.E. Heiko Maas, Federal Minister for Foreign Affairs of the Federal Republic of Germany.

Objective of the Conference- To counter the persistent underinvestment in peacebuilding and provide this timely, catalytic and risk-tolerant instrument with more adequate, predictable and sustained resources to support national peacebuilding efforts in more than 40 countries around the world.

Highlights of the Conference:

i.It will mobilize critical support for conflict prevention and peacebuilding against the Fund’s $1.5 billion requirements for the period 2020-24.

ii.In 2020, it mobilised over USD 180 million.

iii.Including funds received for 2020, a total of 39 member states have contributed or pledged over USD 439 million for 2020-2024.

iv.The Fund has invested over USD 1.2 billion to date in over 60 countries, with support from almost 60 member states.

About United Nations Peacebuilding Fund:

Launched – 2006

It will support activities, actions, programmes and organizations that seek to build a lasting peace in countries emerging from conflict.