Trump’s Board of Peace for Gaza has raised no money into its official World Bank fund four months after launch and multibillion-dollar pledges, the Financial Times reported. Instead, donors have sent limited contributions to a private JPMorgan account that is not subject to the same independent oversight, with none of the promised US support being deployed for rebuilding on the ground yet.
US President Donald Trump’s Board of Peace, the flagship body created to oversee Gaza’s postwar reconstruction, has raised no money for the World Bank fundTrump himself promised an additional $10 billion in US backing, but the money pledged has yet to reach the World Bank account, which was designed to provide a transparent channel for reconstruction funds. set to hold donor contributions, four months after the board was originally launched.
Several countries, including Kazakhstan, Azerbaijan, the United Arab Emirates (UAE), Morocco, Bahrain, Qatar, and Saudi Arabia, have signed up to Trump’s Board of Peace and have since contributed more than $7 billion toward a Gaza “relief package,” the US president said, as per a BBC report.
Trump himself promised an additional $10 billion in US backing, but the money pledged has yet to reach the World Bank account, which was designed to provide a transparent channel for reconstruction funds.