Pakistan has called for a \u201cquantum leap\u201d in financing for peacebuilding, saying it was critical for promoting peace and stability in a world of proliferating conflicts.<\/p>\n
\u201cInvesting in peace is a moral imperative,\u201d Ambassador Munir Akram told a high-level meeting of the UN General Assembly spotlighting financing for peacebuilding on Wednesday..<\/p>\n
Pakistan, he said, has always been steadfast in extending financial and political support to UN\u2019s Peacebuilding Fund. (PBF). \u201cAs a longstanding troop contributing country to UN peacekeeping, Pakistan understands the critical value of peacebuilding investments for the promotion of durable peace and stability in conflict affected countries.\u201d<\/p>\n
The boost in peace investment could be achieved through a two-pronged strategy: Enhancing the current funding streams by widening the donor-base for peacebuilding activities, and through new partnerships and developing innovative instruments to finance peacebuilding projects.<\/p>\n
Ambassador Akram underscored the need for increasing voluntary contributions for programmatic funding in peacekeeping budgets, saying that such a course could also develop synergies with the Peacebuilding Fund.<\/p>\n
As for new financing instruments, he said, the UN should continue to promote innovative partnerships with International Financial Institutions (IFIs), which are repositories of member states\u2019 funds.<\/p>\n
\u201cThe PBF and IFIs could consider establishing an intermediary investment vehicle to attract private investments, including those from the conflict-affected countries, the Pakistani envoy said.<\/p>\n
\u201cObviously, we will have to ensure that the activities so funded are connected with the specific priorities set out by the host governments and Peacebuilding Commission,\u201d Ambassador Akram said, adding that funds could also be used to identify and prepare viable infrastructure projects in developing countries.<\/p>\n
Pakistan, he said, also lauded PBF\u2019s growing focus on conflict prevention.<\/p>\n
\u201cCurrently,\u201d he said, \u201cWe are facing an increasing number of conflicts around the world. To check this trend, we must develop \u2018complementarities\u2019 between our local, regional and international peacebuilding efforts as well as between our development and humanitarian activities in conflict sensitive countries.\u201d<\/p>\n
In conclusion Ambassador Akram said, \u201cThe success of the prevention agenda will depend not only on adequate financing but also on the coherence of our peacebuilding commitments.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Pakistan has called for a \u201cquantum leap\u201d in financing for peacebuilding, saying it was critical for promoting peace and stability in a world of proliferating conflicts. \u201cInvesting in peace is a moral imperative,\u201d Ambassador Munir Akram told a high-level meeting of the UN General Assembly spotlighting financing for peacebuilding on Wednesday.. Pakistan, he said, has […]<\/p>\n","protected":false},"author":2,"featured_media":257895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[6566,20,6565,6567],"class_list":{"0":"post-257886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-conflicts-proliferate","9":"tag-pakistan","10":"tag-peacebuilding","11":"tag-quantum-leap"},"yoast_head":"\n