Financing for Peacebuilding: The Case for a Broader Concept of Aid Effectiveness

Abstract

Financing for peacebuilding has increased significantly and there are signs that it may continue to grow in the next few years. However, aid for peacebuilding is also characterised by problematic trends, including the existence of ‘aid orphans’, and volatility and delays of allocations. In order to reverse these trends and sustain higher levels of financing for peacebuilding, a broader concept of aid effectiveness is required that is better adapted to countries affected by conflict and fragility. Much of the debate has been focused on the advantages of pooled funds, but there is a need for a mix of aid instruments to achieve aid effectiveness.