The Peace Plan is a key document in the application for a Peace Stamp. The steps covered by the Peace Plan include the following a) an analysis of the context b) stakeholder mapping and consultation, including communities local to the project; and c) the consideration of which PEMs should be built into the project design. The Peace Plan should be jointly signed off by the Project Owner, the Advisor, and the Peace Builder and form part of the application.
Analysis of Context
The analysis of the context should cover several points including: the project or investment including goals; community tensions and conflict risks; and a map of the relevant actors and stakeholders.
Discussions with Stakeholders
The discussions with the relevant stakeholder will be an important way to check the analysis of the context and to get ideas and feedback on the Project and its links to community tensions and conflict risks, as well as the solutions, with an emphasis on which PEMs should be used and how they should be designed to increase the chance of success.
Consideration of Appropriate PEMs
The success of the application for a Peace Stamp will to a large extent depend on the proposed PEMs. Careful consideration should therefore go into the analysis of the most appropriate and effective PEMs, including how they should be designed, implemented, monitored, evaluated, and reported. The focus should be on expected impact, how it will be measured, the associated risks, and the feedback mechanisms.
The analysis of the context and the discussions with the stakeholders will be key inputs into the analysis and consideration of the appropriate PEMs.
The funding of the PEMs should also be considered and specified as a percentage of the funds raised by the bond. These PEMs will lower project risk and therefore reduce the cost of capital.