Trending Now - Trump’s Peace Initiative Struggles With Empty Gaza Fund Despite Pledges

WHO:

Alternet - President Donald Trump launched the Board of Peace.

France 24 - The Board of Peace includes member countries and has invited leaders such as Russian President Vladimir Putin.

WHAT:

Alternet - The Board of Peace fund is reported to be empty, having received no money from donors despite billions pledged.

France 24 - The fund for Gaza reconstruction has not received any cash, with a source stating that the fund is designed for a phase that has not yet been reached.

France 24 - Trump pledged $10 billion to the Board of Peace during its first meeting.

France 24 - Qatar, Saudi Arabia, and the United Arab Emirates each promised at least $1 billion to the Board of Peace.

WHERE:

Alternet - The Board of Peace is associated with Gaza, where reconstruction efforts are intended.

France 24 - The Board of Peace was launched at the Annual Meeting of the World Economic Forum in Davos, Switzerland.

WHEN:

Alternet - The Board of Peace was launched in January 2026.

France 24 - The signing ceremony for the Board of Peace initiative took place on January 22, 2026.

France 24 - An EU-UN assessment published in April estimated that over $71 billion will be needed for Gaza reconstruction over the next decade.

WHY:

Alternet - The Board of Peace was conceived to rebuild Gaza following a US-backed ceasefire between Israel and Hamas.

France 24 - Major European nations have shunned the Board of Peace, which is perceived as being led by the United States and Trump.

HOW:

Alternet - The Board of Peace fund is administered by the World Bank and endorsed by the United Nations.

France 24 - The fund has received no money from donors, and there are no independent transparency requirements for the JPMorgan account where donations are reportedly held.

(UPDATED May 27, 2026 19:47 UTC)

President Trump has launched the Board of Peace, which aims to facilitate reconstruction efforts in Gaza following a US-backed ceasefire between Israel and Hamas, and has invited leaders like Russian President Vladimir Putin to join. Despite Trump pledging $10 billion during its first meeting and countries like Qatar, Saudi Arabia, and the United Arab Emirates promising at least $1 billion each, the fund remains empty with no donations received so far. The Board of Peace was introduced at the Annual Meeting of the World Economic Forum in Davos, Switzerland, and is administered by the World Bank with support from the United Nations, although major European nations have largely distanced themselves from the initiative.