{"id":131541,"date":"2026-02-19T19:02:45","date_gmt":"2026-02-19T19:02:45","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/trump-pledges-usd10-billion-for-gaza-at-inaugural-board-of-peace-meeting\/"},"modified":"2026-02-19T19:02:45","modified_gmt":"2026-02-19T19:02:45","slug":"trump-pledges-usd10-billion-for-gaza-at-inaugural-board-of-peace-meeting","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/trump-pledges-usd10-billion-for-gaza-at-inaugural-board-of-peace-meeting\/","title":{"rendered":"Trump pledges USD10 billion for Gaza at inaugural Board of Peace meeting"},"content":{"rendered":"

NAIROBI, Kenya, Feb 19 \u2014 President Donald Trump on Thursday convened the inaugural meeting of his newly formed Board of Peace in Washington, unveiling an ambitious initiative aimed at spearheading reconstruction in Gaza and expanding American-led diplomatic engagement in global conflicts.<\/strong><\/p>\n

The high-profile session, held at the United States Institute of Peace, comes a day after the Vatican confirmed that Pope Leo XIV would not participate, citing unresolved concerns about the structure and mandate of the initiative.<\/p>\n

Originally conceived as a mechanism to coordinate post-war reconstruction in Gaza following the Israel\u2013Hamas conflict, the Board of Peace has since expanded its scope to include broader international conflict resolution efforts.<\/p>\n

Trump said the board would eventually include \u201call world leaders,\u201d positioning it as a central pillar of his administration\u2019s emerging foreign policy framework.<\/p>\n

\u201cThe cost of peace is very small compared to the cost of war,\u201d Trump said during the meeting, announcing a $10 billion US commitment to support the initiative.<\/p>\n

\u201cWhen you look at that compared to the cost of war, that\u2019s two weeks of fighting. It sounds like a lot, but it\u2019s a very small number.\u201d<\/p>\n

Additional USD7bn<\/h2>\n

He added that an additional $7 billion has already been pledged toward Gaza relief and reconstruction by Kazakhstan, Azerbaijan, the United Arab Emirates, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan, and Kuwait.<\/p>\n

Funds earmarked for Gaza will be managed through a reconstruction and development facility housed at the World Bank, according to its president, Ajay Banga.<\/p>\n

\u201cThis fund is ready to receive the donations that he spoke about just a little while ago,\u201d Banga said, adding that the World Bank would provide financial oversight and transparency mechanisms, including the appointment of a dedicated financial controller.<\/p>\n

The Board of Peace was granted a formal mandate by the United Nations Security Council as part of its endorsement of the Trump administration\u2019s 20-point Gaza peace plan. However, Trump has pushed to broaden the body\u2019s mission beyond Gaza to address conflicts worldwide.<\/p>\n

Dozens of countries have been invited to join as founding members, with a proposed lifetime membership contribution of $1 billion, though it remains unclear how many governments have formally committed.<\/p>\n

Analysts and diplomats have raised concerns that expanding the board\u2019s mandate could dilute its focus on Gaza\u2019s reconstruction and complicate coordination with existing international peace and humanitarian frameworks.<\/p>\n

The Vatican\u2019s decision to decline participation underscores growing skepticism among some global institutions. <\/p>\n

Vatican Secretary of State Cardinal Pietro Parolin cited unresolved \u201ccritical issues,\u201d emphasizing that the United Nations should remain the primary forum for addressing international conflicts.<\/p>\n

US officials said Trump intends to run the Board of Peace in a format similar to Cabinet meetings, signaling his intention to personally oversee its strategic direction as part of a broader effort to reshape global peacekeeping and reconstruction efforts.<\/p>","protected":false},"excerpt":{"rendered":"

NAIROBI, Kenya, Feb 19 \u2014 President Donald Trump on Thursday convened the inaugural meeting of his newly formed Board of Peace in Washington, unveiling an ambitious initiative aimed at spearheading reconstruction in Gaza and expanding American-led diplomatic engagement in global conflicts. The high-profile session, held at the United States Institute of Peace, comes a day […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-131541","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/131541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=131541"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/131541\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=131541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=131541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=131541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}