The international fund known as the "Board of Peace," initiated by Donald Trump to finance the post-war recovery in Gaza, has found itself in a deep legal and political deadlock. Despite global leaders and donors, including Russian President Vladimir Putin, publicly pledging a total of $17 billion to the organization, not a single cent has been deposited into its accounts to date. According to the Financial Times, citing informed sources, the actual status and functionality of the fund remain completely opaque. Insiders suggest that Trump views the project more as his "private royal court," while in practice, the fund has failed to secure any contracts for construction or security provisions in the Middle Eastern region.
The idea to create the project was first announced by Trump in September 2025 as part of a conflict resolution plan with Israeli Prime Minister Benjamin Netanyahu. In November 2025, the initiative gained international recognition when the UN Security Council passed Resolution 2803, granting the "Board of Peace" the authority to act as a transitional administration for Gaza until the end of 2027, thereby legally opening the project to access the US federal budget. In January 2026, Trump launched the organization with his characteristic fanfare, calling it "the greatest board ever assembled." However, the White House’s excessive ambitions immediately raised significant concerns in European capitals, where the new structure was seen as a direct attempt by Washington to create a controlled competitor to the UN.
According to the organization’s charter, standard membership is set for three years, but participants can secure a lifetime seat on the board for a one-time contribution of $1 billion. As of May 2026, the official founders include 28 countries, among them Persian Gulf states, Turkey, Kazakhstan, and Belarus. Recently, Trump’s son-in-law Jared Kushner presented his futuristic project "Project Sunrise" in Davos, envisioning a major transformation of the Gaza coastline into a technological resort and an economic hub by 2035. Experts estimate that the region will require $70 billion over the next decade. However, a special fund managed by the World Bank remains empty due to the reluctance of participants to move from declarations to actual disbursements.