United Nations Secretary-General (UNSG) Ban Ki-moon on Tuesday has approved $10 million in assistance to Nepal from the UN Peace-building Fund.
According to a UN statement, following UNSG's declaration of Nepal's eligibility for the fund in December, more than 20 UN agencies came together in consultation with partners to review the peace building challenges ahead, and the possible contributions the UN system could make as the peace process enters its next phase.
The UN statement quoted Ian Martin, Special Representative of the Secretary-General and Chief of the United Nations Mission in Nepal (UNMIN), as saying the peace building contribution was at the core of the UN response strategy. "With the elections behind us, we have entered a complex period of transition in Nepal, with heightened expectations from the Nepalese people, two thirds of whom live on less than $2 a day," he said.
Assistance from the Peace-building Fund will be channeled through an existing funding mechanism –- the United Nations Peace Fund for Nepal, which is governed by an executive committee consisting of the special representative, resident coordinator and representatives from the Nepal government and the donor community.
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