Trump Board of Peace's official Gaza fund is empty
The official Gaza reconstruction fund established by President Trump's Board of Peace is currently empty, despite significant pledges from member countries. The fund, which is managed by the World Bank and endorsed by the UN, has not received any donations as the reconstruction phase has not yet begun. Ongoing Israeli military operations have resulted in numerous casualties in Gaza, complicating the situation further.
- ▪The Board of Peace has received no money from donors since its establishment.
- ▪Major European nations, including France and Britain, have declined to join the board.
- ▪An EU-UN assessment estimated that over $71 billion will be needed for Gaza's reconstruction over the next decade.
Opening excerpt (first ~120 words) tap to expand
U.S. President Donald Trump's Board of Peace has no cash in its official Gaza reconstruction fund, despite member countries pledging billions of dollars, a source familiar with the board told AFP on Wednesday.Mr. Trump first conceived of the board to rebuild Gaza, where Israel and Hamas agreed to a U.S.-backed ceasefire in October in a bid to halt two years of devastating war.But he quickly raised eyebrows by sending out wide invitations, including to Russian President Vladimir Putin and to countries far removed from traditional West Asia diplomacy.Since the board was set up, its fund — administered by the World Bank and endorsed by the United Nations — has received no money from donors, the source familiar with the Board of Peace told AFP.The source said money had not been deposited…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
