Can You Pay for Peace

Financing mechanisms are central to the operational efficacy of peace operations, yet current analysis of peacebuilding finance is atomistic, focusing on one domain, such as coordination or financing. To address the need for deeper understanding of how financing modalities affect peacebuilding outcomes, this paper identifies the trade-offs and opportunities of different financing schema across the lifespan of a peace operation. In order to parse the linkages between financing and outcomes, this paper examines: (1) control of donor funds within a transitional state; (2) budgeting for coordination and alignment; (3) promoting partnerships and participation through funding modalities; and (4) funding ‘quick impact’ projects to bridge the periods of immediate relief and long-term development. With reference to peacebuilding operations in Liberia after the 2003 Accra Comprehensive Peace Agreement, this analysis highlights numerous innovations and experiments in the financing of peace operations, examining the advantages and disadvantages inherent in different approaches.