Donald Trump’s self-styled Board of Peace for Gaza is facing a deepening crisis after its official reconstruction fund failed to receive any donor money, despite $17 billion in pledged support, raising fresh questions over whether the US-backed body is little more than a hollow political project.
According to the Financial Times, the World Bank-administered fund established for the board has received no donor contributions four months after its creation. One person familiar with the matter said: “Zero dollars have been deposited.” The failure comes despite member states pledging $7 billion for a Gaza “relief package”, while Trump promised a further $10 billion in US funding.
Gaza vanishing: Trump’s Board of Peace
Instead of using the World Bank mechanism, which is endorsed by the UN and subject to reporting requirements, donations have reportedly been directed through a JPMorgan account. The arrangement has raised serious concerns, as no independent disclosure rules appear to apply to the private account.
A Board of Peace official told the Financial Times that “a number of options were established to receive funding” and that contributors had chosen “other options”. The official added that the board would report its finances to its own executive board, made up of Trump administration officials and advisers, “at a time deemed appropriate”.
