Report: Billions pledged for Trump Gaza plan still haven’t arrived

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Title : Report: Billions pledged for Trump Gaza plan still haven’t arrived
Link : Report: Billions pledged for Trump Gaza plan still haven’t arrived

A report says donor money pledged to Donald Trump’s Board of Peace has not arrived, delaying Gaza reconstruction and aid plans.

The financial mechanism established for President Donald Trump’s Board of Peace has yet to receive donor funds, leaving the organization in legal and political uncertainty and delaying reconstruction efforts in Gaza, according to a report by the Financial Times. The Board of Peace, launched by Trump in January, sought $1 billion “lifetime membership" contributions from world leaders. Member states also pledged $7 billion toward a Gaza relief initiative, while Trump committed an additional $10 billion in US funding.

However, four months after the organization’s creation, the World Bank-administered fund established for the board has not received any deposits from donors, the Financial Timesreported on Wednesday, citing people familiar with the matter. Instead, donations have reportedly been directed to a JPMorgan account controlled by the board. A spokesperson for the Board of Peace told the newspaper that several channels for contributions had been established, including the World Bank mechanism, and that donors had chosen alternative methods.

The spokesperson added that the board would provide financial reports to its executive board “at a time deemed appropriate." According to the report, Morocco contributed approximately $20 million that has been used to support the office of Nickolay Mladenov, the board’s “high representative" for postwar Gaza, as well as salaries for the Palestinian technocratic committee formed to administer the territory.

The United Arab Emirates also reportedly provided $100 million for the training of a new Gaza police force, though the initiative has not yet begun, and the funds remain frozen. The US State Department is also seeking to redirect roughly $1.2 billion in aid spending toward projects connected to the board’s agenda, although those funds have not yet been used. A separate proposal to transfer about $50 million directly to the board for operational costs also remains pending. (Read More)