May 21, 2026 | 01:13 pm
Prabowo Subianto (fourth from lower left), delivers a statement during the Board of Peace (BoP) Summit at the United States Institute of Peace in Washington, Feb. 19, 2026. Antara/HO-Setpres
TEMPO.CO, Jakarta - The Board of Peace, established by President Donald Trump to oversee the Gaza transition government and reconstruction, is warning of a severe funding shortfall that could derail the implementation of its plan.According to a report submitted to the United Nations Security Council dated May 15, 2026, the Board of Peace highlighted a disparity between the funds pledged by donor countries and the actual disbursements."The gap between funding pledges and disbursements for Donald Trump's Gaza rebuilding plan must be closed urgently," the report stated, as reported by Al Jazeera on Tuesday, May 19, 2026.The report also mentioned, "Funds committed but not yet disbursed represent the difference between a framework that exists on paper and one that delivers on the ground for the people of Gaza."While the Board of Peace did not disclose the exact amount of funding received so far, the report indicated that the total committed funding remains stagnant at US$17 billion.Gaza Reconstruction Requires over $70 BillionAccording to the same report, the estimated cost of rebuilding Gaza is expected to exceed $70 billion following more than two and a half years of Israeli genocide in the region.The Board of Peace estimates that 85 percent of buildings and infrastructure in Gaza have been destroyed. Additionally, approximately 70 million tons of debris must be cleared before any reconstruction efforts can begin.Reuters, as cited by Al Jazeera, previously reported in April 2026 that the Board of Peace had only received a fraction of the promised funds, hindering Trump's Gaza plan from becoming fully operational.At that time, the board denied the report, asserting in a statement that the organization focuses on execution and calls capital as needed, while emphasizing that there were no funding constraints.Several Countries Remain HesitantAccording to The New Arab, the United States, Saudi Arabia, the United Arab Emirates, and Qatar are among the nations that have made funding commitments. Morocco, Uzbekistan, and Kuwait are also listed as donors.However, according to officials from Europe and Asia, several countries remain deeply reluctant to channel funds through the Board of Peace due to lingering concerns over transparency and oversight mechanisms. They instead prefer to route their humanitarian assistance through established international bodies such as the UN.Read: Israel's Treatment of Gaza Aid Glotilla Activists Sparks OutrageClick here to get the latest news updates from Tempo on Google News
