Board of Peace won’t ‘hoard’ $1 billion pledges as lump sum and will ‘collect the funds necessary’ as Gaza rebuilds
The Board of Peace, chaired by President Trump, is collecting $1 billion in pledges from member states for projects in Gaza on an as-needed basis. Officials emphasize that the organization is not hoarding funds but rather seeking contributions as projects are ready for implementation. Despite reports of financial difficulties, the Board maintains that it is receiving funding through various mechanisms, including a J.P. Morgan account.
- ▪The Board of Peace is collecting funds from member states as projects in Gaza are ready to be implemented.
- ▪Countries like Saudi Arabia and Morocco have stepped forward to fund specific initiatives.
- ▪The organization has faced criticism regarding its financial status, but it claims to be funded through other mechanisms.
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President Donald Trump’s Board of Peace is not hoarding lump-sum payments from member states and collecting on each nation’s pledges bit by bit as required for its projects in Gaza instead. The international committee, of which Trump is the inaugural and permanent chairman, received pledges of $1 billion from dozens of charter members. However, an official involved with Board of Peace operations told the Washington Examiner that “the goal is not to go around and hoard significant sums of cash,” instead calling up partners for contribution when an immediate need is identified.
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