The Trump administration wants nations to pay $1 billion to remain on the Board of Peace, Bloomberg first reported on Saturday night, citing a draft charter for the proposed group.
The Board of Peace is an international body that was endorsed by the United Nations Security Council in November 2025. The board was established to oversee the Israel-Hamas ceasefire.
U.S. President Donald Trump is expected to serve as the group’s inaugural chairman, and he will choose which members to invite, according to the draft seen by Bloomberg. While a majority vote would make decisions, the chairman would have final approval.
Member states would serve a three-year term on the board, but could secure a permanent seat by paying $1 billion cash within the first year of the charter’s start, according to the draft.
A U.S. official told CNBC there is no cost to join the Board of Peace, but the $1 billion contribution would secure permanent membership. The group’s mandate is to “rebuild all of Gaza,” and “virtually every dollar” raised would be spent on that mandate. The group will operate without “exorbitant salaries and massive administrative bloat,” the official said.
