Board of Peace won't 'hoard' $1 billion pledges as lump sum and will 'collect the funds necessary' as Gaza rebuilds
President Donald Trump’s Board of Peace is not hoarding lump-sum payments from member states and collecting on each nation’s pledges bit by bit as required for its projects in Gaza instead.
TL;DR
- The Board of Peace does not collect lump-sum payments of pledged funds, opting to gather contributions as projects are ready for implementation.
- An official stated that countries like Saudi Arabia and Qatar contribute to specific projects they wish to fund.
- Morocco has contributed financially and pledged police forces for training in Gaza, while the UAE approved a $100 million payment.
- Despite a Financial Times report citing an empty World Bank fund, the Board of Peace claims funding is received through other channels, primarily a J.P. Morgan account.
- Operations in Gaza are delayed due to hurdles like the pending deployment of a governance body and the International Stabilization Force.
- Hamas's refusal to disarm and relinquish control is identified as a principal obstacle to implementing the peace plan.
- The conflict between U.S. and Iranian forces has also complicated diplomatic relationships and slowed the peace plan's progress.