Creating ecosystem for peace positive initiative

The United Nations has emphasized the need for concrete actions to address peace and security infrastructure gaps in Africa. Roselyn Akombe, Chief of Peace Building Strategy and Partnerships at the United Nations Department of Political and Peace Building Affairs, recently discussed the importance of exploring innovative financing models to bridge current gaps. Akombe highlighted the timeliness of this year's theme of financing peace and security development for a prosperous and resilient Africa, particularly in light of the Secretary General's appeal for financing and different models for peace building and prevention. The rising increase of insecurity, conflicts, and displacements of people globally emphasizes the urgent need for action and funding, making discussions on innovative financing models crucial at this time. The African Development Bank's role in convening stakeholders to address these challenges is vital as the international community looks for ways to move forward on the agenda for peace. Akombe reiterated the importance of leveraging private sector investment in peace-positive asset classes and the success of the Peace Building Support Office in de-risking environments to attract investors to countries at risk of conflict. By offering catalytic funding through initiatives like the Peace Building Fund, the Office aims to encourage further investment in these regions by mitigating risks and providing stability. Collaborations with organizations like the African Development Bank and the Germans on initiatives like the Investing for Peace Initiative demonstrate the value of a blended approach to financing peace and security development. Akombe identified two key areas for further exploration in innovative financing models. Firstly, she emphasized the need to center young people in Africa's development trajectory, viewing them as agents of peace and economic growth. By investing in the youth and providing quality opportunities, countries can harness the potential of their vibrant population and avoid youth-driven conflicts. Secondly, she stressed the importance of galvanizing political support for investing in peace and development, citing the African Development Bank's transition facility as an example of innovative ideas in this space. By changing the narrative around investment in young people and garnering political backing, stakeholders can pave the way for sustainable peace and security infrastructure in Africa.