The Trust Fund to Support Initiatives of States Countering Piracy off the Coast of Somalia operating since 2010 under the auspices of the UN has been one of the major vehicles to fund counter-piracy projects. The trust fund was created to help defray the expenses associated with prosecution of suspected pirates, as well as other activities related to implementing the Contact Group’s objectives regarding combating piracy in all its aspects.
In 2016 the trust fund commissioned a strategic review, the results of which are now publicly available. The review provides an in-depth investigation of the causes of and responses to Somali-based piracy and a detailed discussion of the added value of the trust fund. The review authored by Peter Bauman and Sarah Hanssen of Bauman Global LLC is available here.