GENEVA: The gap between funding pledges and disbursement for Donald Trump’s Gaza rebuilding plan must be closed urgently, the US president’s “Board of Peace” has said in a report, identifying a potential cash crunch in a plan estimated to cost $70 billion.
Trump set up the Board of Peace to oversee his ambitious plan to end Israel’s war in Gaza and rebuild the shattered territory. Trump has said it would also tackle other conflicts.
The UN Security Council has recognized the board, though many major powers have not joined Washington’s main Middle Eastern allies and some middling and smaller states in signing up.
It was reported in April that the board had only received a small fraction of the $17 billion pledged by members for Gaza, preventing the president from moving ahead with his plan.
The board denied that report, saying in a statement it was an “execution-focused organization that calls capital as needed” and that there “are no funding constraints.”
