Minka Fund: Resources for Peace and Resilience Doubled
published on 13 June 2018
AFD’s new instrument to address crisis situations has been officially presented on this 13 June, but is already being deployed in the field. Its resources have been doubled. The Minka fund is financed by the Financial Transaction Tax and symbolizes our enhanced commitment to supporting peace and resilience in the most difficult contexts.
Taking more effective action to address the new types of crises and conflicts the world is now experiencing also requires increased resources. On this Wednesday 13 June, during the presentation of France’s new strategy “Prevention, resilience, sustainable peace – A comprehensive approach in response to the weakening of States and societies”, AFD has announced that the amount allocated to its Minka peace and resilience fund has been doubled.
The Minka fund is earmarked for fragile or crisis-stricken countries and funded by the Financial Transaction Tax. It will reach EUR 200m a year by 2019. The fund finances initiatives in regional crisis hotbeds, which often go beyond national frontiers, particularly around Lake Chad – with the presence of Boko Haram –, in the Middle East around Syria and Iraq, in the Western Sahel region (Burkina Faso, Chad, Mali, Mauritania and Niger) and in the Central African Republic.
Minka reflects France’s growing ambition to entrust AFD with a central role, alongside humanitarian and diplomatic actors, in the most fragile contexts: addressing vulnerabilities and crisis response are now part of the strategic areas of our activity.
Rémy Rioux, Chief Executive Officer of AFD, explains:
