Four months after the establishment of the Board of Peace, an international body launched under the initiative of U.S. President Donald Trump, none of the billions of dollars pledged by participating countries has reportedly reached the organization, according to information published by the Financial Times, citing several sources familiar with the matter.
The Board of Peace was expected to receive approximately USD17 billion in commitments from member states and international partners. However, one source told the publication that “not a single dollar has been received,” leaving the organization facing legal and political uncertainty and slowing efforts linked to post-war reconstruction projects in the Gaza Strip.
According to reports, the lack of financing has also stalled progress on the council’s three central objectives: the disarmament of Hamas, the withdrawal of Israeli forces from Gaza, and the reconstruction of the Palestinian territory. The Jerusalem Post similarly reported that no funds had been transferred for rebuilding Gaza, despite the ambitious plans announced earlier this year.
Questions have also emerged about how donations are being handled. Sources familiar with the organization said the Board of Peace has been accepting contributions directly through a JPMorgan bank account instead of using a special fund overseen by the World Bank and approved by the United Nations. Unlike the World Bank mechanism, which includes formal reporting requirements and oversight for donors, the private account does not carry the same transparency obligations.
