The United Nations Peace and Development Trust Fund (hereafter referred to as "UNPDF") was established in 2016, following the pledge by the Government of the People's Republic of China to contribute $200 million US dollars to the United Nations over a ten-year period. The United Nations and the Donor Government aim to work together to achieve the goals of the Charter of the United Nations through implementation of innovative, forward-looking and pro-active projects and activities financed by the Trust Fund.

UNPDF has two sub-Funds. The Secretary-General's Peace and Security Sub-Fund, managed by the Executive Office of the Secretary-General(EOSG), is aimed at financing projects and activities related to the maintenance of international peace and security. And the 2030 Agenda for Sustainable Development Sub-Fund, managed by Department of Economic and Social Affairs (DESA), is intended to finance activities in support of the 2030 Agenda and the Sustainable Development Goals adopted by Member States in September 2015.

UNPDF is administered in conformity with the United Nations Financial Regulations and Rules and other relevant administrative policies. The projects and activities to be funded by UNPDF are approved by the Secretary-General, upon the advice of a Steering Committee made up of representatives from the United Nations Secretariat and the Donor Government.

Since its inception, UNPDF has supported more than 30 projects and activities around the world, covering areas including peacekeeping security, rapid response system, counter-terrorism, strengthening partnership between the United Nations and regional organizations, poverty alleviation, science and technology, small- and medium-sized enterprise, education, health care, etc.