Corine Franken joins with more than 17 years in impact investing and portfolio management, and deal experience across fragile markets from Chad and Mali to Sierra Leone and Nigeria.
Karin Verstralen joins from FMO, where she helped implement the bank’s impact and ESG ambition across sectors and led its business and human rights agenda.
South Africa is the fifth member of the Donor Advisory Committee, adding a second African voice alongside the German Federal Foreign Office, UN PBSO, UNCDF and the African Development Bank.
AfDB President Dr Sidi Ould Tah accepted the invitation to join the Donor Advisory Committee, bringing the Bank’s expertise in investing in states in transition.
At the 12th Germany–South Africa Bi-National Commission in Berlin, the two governments reaffirmed support for peace-positive investment and discussed a regional secretariat for Investing for Peace in South Africa.
An official FfD4 side event in Seville, “Mobilizing Innovative Private Finance for Peace”, explored strategies to engage the local private sector in fragile and conflict-affected settings.
At the BMW Foundation Herbert Quandt Pavilion, a discussion on “Unlocking Private Sector Investments in Peace” centred on Germany’s EUR 12 million start-up funding for a new peace-finance institution.
Germany delivered a major financial contribution to the UNCDF Last Mile Trust Fund, taking the next step towards a peace-positive specialised investment vehicle.
A high-level roundtable on 18 May 2021 brought policymakers, experts and practitioners together to generate new ideas for innovative financing instruments for peace.
Our selection of key documents on private investment, blended finance and peace in fragile and conflict-affected settings.
Africa Resilience Investment Accelerator (ARIA) (2023). Conflict sensitivity: practical measures for private sector clients.Produced with the IFC and EIB; authored by Dieu-Donné Gameli. · Open source →
Africa Resilience Investment Accelerator (ARIA) (2026). Applying conflict sensitivity and building resilience through private sector investment.Produced by ARIA (BII, FMO, Proparco) and IFC. · Open source →
African Development Bank Group (2022). Bank Group’s strategy for addressing fragility and building resilience in Africa 2022–2026.Three priorities: institutional capacity, resilient societies, and catalysing private investment. · Open source →
African Development Bank Group & Interpeace (2023). AfDB and Interpeace join hands to promote peace finance in Africa [press release].MoU with the Finance for Peace Initiative, plus a joint Mozambique research project. · Open source →
Basile, I. & Neunuebel, C. (2019). Blended finance in fragile contexts: opportunities and risks.OECD Development Co-operation Working Paper 62. Paris: OECD Publishing. · Open source →
Collier, P., Gregory, N. & Ragoussis, A. (2019). Pioneering firms in fragile and conflict-affected states.Policy Research Working Paper 8774. Washington, DC: World Bank Group. · Open source →
European Investment Bank (2022). EIB strategic approach to fragility and conflict.The Bank’s first such strategy. Luxembourg: EIB. · Open source →
Ganson, B. (2026). A peace-positive enterprise for the Global South: problem statements and paths forward conceptualized through a mediation lens.European Journal of Futures Research, 14(1), Article 22. · Open source →
Independent Evaluation Group (2022). The IFC’s and MIGA’s support for private investment in fragile and conflict-affected situations, FY2010–21.Washington, DC: World Bank. · Open source →
International Finance Corporation (2019). Generating private investment in fragile and conflict-affected areas.Washington, DC: IFC. · Open source →
Interpeace & African Development Bank (2024). Investing in prevention: scaling up peace — a call to action for DFIs [concept note, UNGA79 side event].The clearest statement of AfDB’s peace-positive investment positioning. · Open source →
Kaye, J. L., Hannachi, J. & Jacquand, M. (2021). The conditions for successful investments in fragile and conflict-affected states.TrustWorks Global with NIRAS, commissioned by FMO. · Open source →
Miklian, J., van Dorp, M. & Katsos, J. (2025). Unlocking the peace premium: an evidence-based review of the potentials and pitfalls of private sector finance for conflict transformation.London: LSE IDEAS, commissioned by Finance for Peace (Interpeace). · Open source →
OECD (2019). DAC Recommendation on the Humanitarian–Development–Peace Nexus, OECD/LEGAL/5019.Eleven principles across coordination, programming and financing. · Open source →
OECD (2025). States of Fragility 2025.A spectrum of extreme, high, and medium-to-low fragility across 177 contexts; six dimensions across 56 indicators. · Open source →
Proparco (2024). Acting in fragile contexts: financing, partnerships, innovation.Private Sector & Development, No. 41. Paris: Proparco. · Open source →
United Nations (2025). 2025 Review of the UN Peacebuilding Architecture.Twin General Assembly and Security Council resolutions adopted 26 November 2025. · Open source →
United Nations & World Bank (2018). Pathways for peace: inclusive approaches to preventing violent conflict.Foundational joint prevention study; exclusion and grievance as the central causal claim. · Open source →
United Nations Global Compact & PRI (2010). Guidance on responsible business in conflict-affected and high-risk areas.Still the reference point for investor-facing conflict-sensitivity expectations. · Open source →
United Nations Secretary-General (2023). Our Common Agenda Policy Brief 9: A New Agenda for Peace.Contains a dedicated financing-for-peace section. · Open source →
Wadley, I. (2026). The +P peace impact framework: field testing and peer insights.Geneva: Peace Dividend Initiative. · Open source →
World Bank Group (2020). World Bank Group strategy for fragility, conflict and violence 2020–2025.The four-pillar framing under which IFC FCS work sits. · Open source →
Foundational documents
On Investing for Peace
The principal analyses and studies underpinning I4P:
GFFO Discussion Paper (2020). Options for Innovative Funding in Support of United Nations Peacebuilding.Authored by Pierre Van Hoeylandt, Anne Le More and Ian D. Quick. · Download PDF →
Investing for Peace (2022). Feasibility study.Produced for the German Federal Foreign Office; authored by Lions Head Global Partners. · Download PDF →