- President Trump officially launched the “Board Of Peace” on Thursday, a new institution focused on Gaza with plans to raise over $5 billion for reconstruction.
- Around two dozen world leaders, including Hungary’s Viktor Orban and Argentina’s Javier Milei, attended the summit while major Western allies like France and Canada were notably absent.
- Trump will retain veto power over the board and may remain its head even after leaving office, with permanent seats costing nations $1 billion.
The United States President, Donald Trump has gathered a group of select allies in Washington on Thursday to inaugurate the “Board of Peace.”
Eko Hot Blog reports that the institution, which has replaced the staff of the longstanding US Institute of Peace, aims to oversee the second phase of the Gaza ceasefire, specifically focusing on the disarmament of Hamas and the establishment of an International Stabilization Force.
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While the board’s immediate agenda centers on a $5 billion reconstruction plan for Gaza, where Trump has suggested the possibility of developing future resorts, the organization’s charter allows it to address global hotspots far beyond the Middle East. Indonesia has already pledged up to 8,000 troops for the proposed security force, signaling significant support from the world’s largest Muslim-majority nation.
The structure of the Board of Peace has sparked controversy among traditional US allies, with critics labeling the move as a shift toward a “pay-to-play” diplomatic model.
Under the current terms, the US President maintains absolute veto power, and countries seeking permanent membership are required to pay a staggering $1 billion fee.
This approach has led to a boycott by several European democracies and Brazil, with President Lula da Silva describing the board as a “new UN where only Trump is the owner.”
Despite these objections, the administration insists that the board is a necessary alternative to the United Nations, which Trump has continued to defund in favor of this new, streamlined initiative.
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