Speech of the Chairperson of the Commission at the Launch of the AU Peace Fund
Excellencies, distinguished guests
It is gives me great pleasure to be here today to officially launch the revitalised AU Peace Fund. This journey began in 2015, within the framework of the AU Assembly’s decision to enhance overall financial autonomy. In this regard, the AU Assembly decided to finance 25% of the AU’s operational peace and security activities.
In 2016, the AU Assembly, translated the 25% commitment into a decision to establish a $400m Member State endowment. The revitalised Peace Fund is the instrument through which these funds will be managed.