The United Nations (UN) has announced that it will launch a Peace Building Fund (PBF) worth $30 million next week to back Somali government’s initiative to restore peace in the Horn of Africa nation.
In a statement, UN Assistance Mission in Somalia (UNSOM) said UN plans to hold the new PBF portfolio to support the country’s peacebuilding efforts. The PBF aims to facilitate political and stability of Somalia and meaningfully engage in good governance, peace-building and reconciliation efforts.
Somalia has been struggling with insecurity and terrorism threat from Al shabaab Jihadis and as such the fund will aid in rebuilding the nation and at the same time create a path for holistic stability.
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 peacebuilding and state-building efforts