Lauren McGowan
As the UN reexamines the future of its peace operations amid shifting geopolitical dynamics and financial constraints, greater attention is being paid to how to leverage peacebuilding tools, including to support more coherent and sustainable transitions. In this context, the Peacebuilding Fund (PBF) has emerged as a central instrument for bridging operational, programmatic, and financial gaps—particularly in settings where peace operations are drawing down or have recently withdrawn.
This policy paper examines the role of the PBF in UN peace operations contexts. Since its inception, the PBF has invested over $1.3 billion through nearly 700 projects in countries hosting UN peace operations. The paper finds that the PBF has been leveraged as a support mechanism, a strategic enabler, and a political tool. It also finds that the PBF has played an important role in supporting sustainable UN transitions. At the same time, while the PBF is a flexible and catalytic instrument, it is not a substitute for peace operations, and expectations regarding its role must remain realistic.
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