• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, November 15, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Around the Globe

Global Violence Costs $20 Trillion Amid Peace Fund Cuts

Lawrence Ankutseby Lawrence Ankutse
August 22, 2024
Reading Time: 4 mins read
Add as Preferred on Google
thessismun united nations security council

Global violence took a staggering toll last year, costing the world nearly $20 trillion. Yet, as the human and economic costs of conflict soar, investment in peace and conflict prevention has been steadily declining. 

This alarming trend was highlighted by Elizabeth Spehar, Assistant Secretary-General for Peacebuilding Support, during a recent high-level debate at the United Nations Security Council.

The meeting focused on the UN Secretary-General’s New Agenda for Peace, a policy initiative launched in July 2023. Spehar’s remarks underscored the urgent need to reverse the tide of violence through strategic investments in peacebuilding and conflict prevention.

The Power of Prevention

Spehar emphasized that “Prevention and peacebuilding can break the cycle of violence and lay the foundations to ensure sustainable development is possible for all.” 

ADVERTISEMENT

Her message was clear: the world must shift its focus from reacting to conflicts to preventing them. This approach, she argued, not only saves lives but also reduces the immense economic burden of war.

The backdrop to the meeting was a concerning rise in global conflict. Against this, Spehar outlined three critical areas where investment can make a significant difference: supporting national peacebuilding efforts, ensuring coherence in peace initiatives, and strengthening partnerships and resources.

Supporting National Peace Efforts

Central to the New Agenda for Peace is the principle of national ownership. Spehar noted that effective peacebuilding and prevention must be led by the nations themselves, with the involvement of all societal segments. 

“It also emphasizes the need to include diverse voices, needs, and participation of all segments of society, which can help make peace more sustainable,” she said.

A tangible example of this principle in action is found in the Central African Republic. There, the UN Peacebuilding Fund has supported programs to empower women as community mediators, helping to prevent conflict and sustain peace at the local level.

ADVERTISEMENT

Spehar also stressed the importance of a comprehensive approach to conflict prevention, one that addresses the root causes of violence, not just the symptoms. 

She pointed out that resilience in societies is achieved through investments in inclusive and sustainable development and governance.

“The best way to prevent societies from descending into crisis is to ensure that they are resilient through investment in inclusive and sustainable development and inclusive governance,” she asserted. 

ADVERTISEMENT
Elizabeth Spehar
 Elizabeth Spehar

This comprehensive approach aligns with the goals of the 2030 Agenda for Sustainable Development, particularly in tackling inequality, marginalization, and exclusion — key drivers of conflict.

Strengthening Partnerships and Resources

The final pillar of Spehar’s address focused on the need for stronger partnerships and more resources dedicated to peacebuilding. 

She highlighted the growing importance of partnerships with regional and sub-regional actors, such as the African Union Peace and Security Council (AUPSC).

Spehar described ongoing collaborations between the UN Security Council and the AUPSC, as well as between the UN Peacebuilding Commission and the AUPSC, as “promising.” 

However, she emphasized that more could be done to ensure these partnerships translate into concrete, measurable outcomes.

A Concerning Shift in Priorities

One of the most troubling trends Spehar highlighted was the global increase in military spending, even as investments in peace and conflict prevention dwindle. 

“It is worrying to see investments in peace and conflict prevention steadily decreasing while military spending is increasing worldwide,” she told the Council. 

The disparity is stark: last year, OECD countries allocated just 10 percent of their Official Development Assistance (ODA) to peacebuilding — a 15-year record low.

Meanwhile, the cost of violence — estimated at nearly $20 trillion last year — continues to strain global resources, consuming 13.5 percent of the world’s GDP.

Learning from Sierra Leone

Amid these global challenges, Sierra Leone’s journey from a brutal civil war 22 years ago to a stable peace today offers a beacon of hope. 

Hawa Samai, Executive Secretary of Sierra Leone’s Independent Commission for Peace and National Cohesion (ICPNC), spoke to the Council about the importance of commitment, dialogue, and inclusive peacebuilding. 

“By engaging a wide range of local actors, the ICPNC ensures that peacebuilding efforts are grounded in the realities and needs of communities,” she said.

Sierra Leone’s story serves as a powerful reminder that, with the right investments and a commitment to inclusivity, peace is attainable even in the most challenging contexts.

READ ALSO: Shatta Wale Chides Stonebwoy Over ‘Money Throwing’ Comment

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Conflict Preventionmilitary spendingpeacebuildingSierra LeoneUN
Please login to join discussion
Previous Post

GSE Market Indices Unchanged Despite 49% Drop in Turnover

Next Post

NDC Poised For Majority Win In 2024 Elections

Related Posts

Microsoft
Around the Globe

Microsoft Reports Recovery as Global Outage Disrupts Services

November 13, 2026
Artificial Intelligence (AI)
Around the Globe

UN Launches Global AI Guidelines for Climate Information Integrity

November 13, 2026
Executive Director of the International Energy Agency (IEA), Fatih Birol
Around the Globe

World is Now in ‘Age of Electricity’ — IEA Chief

November 13, 2026
Protest in France
Around the Globe

HRW Warns French Protest Bill Threatens Civil Liberties

November 13, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

NIC Steps In as Marine Insurance Enforcement Triggers Port Concerns

NIC Steps In as Marine Insurance Enforcement Triggers Port Concerns

November 15, 2026
Ghana's Minister for Foreign Affairs, Hon. Samuel Okudzeto Ablakwa (MP)

Ghana Outlines Six Commitments to Boost AU Financing

November 15, 2026
1794757723245

NHIS Promotes Active Membership Through Keta Church Outreach

November 15, 2026
Shine Industry Next Gen. Empowerment Programme

SHINE Boosts Women’s Role in Shea Regeneration Through Technical Support

November 15, 2026
Dr Mohammed Amin Adam

Dr Adam: NPP Began Economic Recovery Before This Government

November 15, 2026
ADVERTISEMENT
Next Post
Pollster accused of aiding NDC propaganda

NDC Poised For Majority Win In 2024 Elections

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Ok

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.