WASHINGTON: A draft charter sent to about 60 ​countries by the US administration calls for members to contribute $1 billion in cash if they want ‌membership ‌on his new Board of Peace to last more ‌than ⁠three ​years, ‌according to the document seen by Reuters.

“Each Member State shall serve a term of no ⁠more than three years from ‌this Charter’s ‍entry ‍into force, subject ‍to renewal by the Chairman,” the document, first reported by Bloomberg News, ​shows.

“The three-year membership term shall not apply ⁠to Member States that contribute more than $1,000,000,000 in cash funds to the Board of Peace within the first year of the Charter’s entry into ‌force.”

The board is described in the charter as “an international organization that seeks to promote stability, restore dependable and lawful governance, and secure enduring peace in areas affected or threatened by conflict.”

It would become official once three member states agree to the charter.