{"id":1247,"date":"2026-05-27T15:40:48","date_gmt":"2026-05-27T15:40:48","guid":{"rendered":"https:\/\/arabnewsmonitor.com\/2026\/05\/27\/trump-board-of-peaces-official-gaza-fund-is-empty-despite-billions-pledged-source-says\/"},"modified":"2026-05-27T15:40:48","modified_gmt":"2026-05-27T15:40:48","slug":"trump-board-of-peaces-official-gaza-fund-is-empty-despite-billions-pledged-source-says","status":"publish","type":"post","link":"https:\/\/www.arabnewsmonitor.com\/?p=1247","title":{"rendered":"Trump Board of Peace&#8217;s official Gaza fund is empty despite billions pledged, source says"},"content":{"rendered":"<div data-tms-ad-status=\"idle\" data-tms-ad-container class=\"o-ad-container o-ad-container--banner-top o-ad-container--with-shimmer o-ad-container--with-background\">\n<div class=\"o-ad-container__content o-ad-container__content--report-enabled\">\n<div class=\"o-ad-container__label m-block-ad__label--report-enabled\">\n                    <span class=\"o-ad-container__label__text\">Advertising<\/span><br \/>\n                                            <button title=\"Report this ad\" class=\"o-ad-container__content__report-link\" data-tms-ad-report><br \/>\n                        <\/button>\n                                    <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"o-ad-sponsoring\" data-tms-ad-type=\"sponsoring\" data-tms-ad-status=\"disabled\">\n<div class=\"o-ad-sponsoring__wrapper\">\n    <\/div>\n<\/div>\n<div class=\"t-content t-content--article\" id=\"main-content\">\n<div class=\"t-content__above-sidebar\">\n<h1 class=\"t-content__title a-page-title\">Trump Board of Peace&#8217;s official Gaza fund is empty despite billions pledged, source says<\/h1>\n<div class=\"m-master-tag\">\n<div class=\"a-tag-section\">\n                                    Middle East\n                            <\/div>\n<\/p><\/div>\n<p class=\"t-content__chapo\">\n                                        Four months after its creation, the Gaza reconstruction fund of US President Donald Trump&#8217;s so-called Board of Peace has yet to receive any of the billions of dollars pledged by donor countries. Israel has continued to carry out strikes across the devastated Palestinian territory despite a US-backed ceasefire, killing at least 910 people since the truce was signed.                <\/p>\n<\/p><\/div>\n<div class=\"t-content__with-sidebar\">\n<div class=\"t-content__beside-sidebar\" data-article-content>\n<div class=\"t-content__metadata\">\n<div class=\"t-content__dates\">\n<p class=\"m-pub-dates\"><span class=\"m-pub-dates__date\">Issued on: <time datetime=\"2026-05-27T14:49:43+00:00\">27\/05\/2026 &#8211; 16:49<\/time><\/span><span class=\"m-pub-dates__date\">Modified: <time datetime=\"2026-05-27T14:49:56+00:00\">27\/05\/2026 &#8211; 16:49<\/time><\/span><\/p>\n<div class=\"a-reading-time\">\n    <span class=\"a-reading-time__icon\" title=\"Reading time\"><\/p>\n<p>    <\/span><br \/>\n    2 min    <span class=\"u-sr-only\">Reading time<\/span>\n<\/div>\n<\/p><\/div>\n<div class=\"a-share-button\" data-root-share>\n<p>                            <span class=\"a-master-button__label\">Share<\/span><\/p><\/div>\n<div class=\"t-content__authors\">\n<div class=\"m-from-author\">\n                    <span class=\"m-from-author__by-label\"><br \/>\n                By:<br \/>\n            <\/span><\/p>\n<div class=\"m-author\">\n<div class=\"m-author__name\">\n                                                    <a href=\"\/en\/author\/france-24\/\" title=\"FRANCE 24\" class=\"m-author__name__title\"><br \/>\n                                FRANCE 24<br \/>\n                            <\/a>\n                    <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"t-content__main-media\">\n<figure class=\"m-item-image m-item-image--16x9 m-item-image--has-caption\">\n<p><img fetchpriority=\"high\" decoding=\"auto\" src=\"https:\/\/s.france24.com\/media\/display\/0695903c-59d7-11f1-8875-005056bf30b7\/w:1024\/p:16x9\/AP26139511587618.jpg\" srcset=\"https:\/\/s.france24.com\/media\/display\/0695903c-59d7-11f1-8875-005056bf30b7\/w:388\/p:16x9\/AP26139511587618.jpg 388w,https:\/\/s.france24.com\/media\/display\/0695903c-59d7-11f1-8875-005056bf30b7\/w:720\/p:16x9\/AP26139511587618.jpg 720w,https:\/\/s.france24.com\/media\/display\/0695903c-59d7-11f1-8875-005056bf30b7\/w:1024\/p:16x9\/AP26139511587618.jpg 1024w\" sizes=\"(max-width: 1076px) 100vw, 1012px\" width=\"1024\" height=\"576\" alt=\"US President Donald Trump holds the charter during a signing ceremony on his Board of Peace initiative at the Annual Meeting of the World Economic Forum in Davos, Switzerland, January 22, 2026.\" loading=\"eager\" class=\"a-img \"><figcaption class=\"a-figcaption\">\n                <span>US President Donald Trump holds the charter during a signing ceremony on his Board of Peace initiative at the Annual Meeting of the World Economic Forum in Davos, Switzerland, January 22, 2026.<\/span>                <span>\u00a9 Markus Schreiber, AP<\/span>            <\/figcaption><\/figure>\n<\/div>\n<div class=\"t-content__body u-clearfix\">\n<p>US President <a href=\"https:\/\/www.france24.com\/en\/tag\/donald-trump\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Donald Trump<\/a>&#8216;s <a href=\"https:\/\/www.france24.com\/en\/tag\/board-of-peace\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Board of Peace<\/a> has no cash in its official Gaza reconstruction fund, despite member countries pledging billions of dollars, a source familiar with the board told AFP on Wednesday.<\/p>\n<p>Trump <a href=\"https:\/\/www.france24.com\/en\/middle-east\/20260219-trump-board-of-peace-opens-with-money-and-troops-for-gaza\" target=\"_self\">first conceived of the board to rebuild Gaza<\/a>, where <a href=\"https:\/\/www.france24.com\/en\/tag\/israel\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Israel<\/a> and <a href=\"https:\/\/www.france24.com\/en\/tag\/hamas\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Hamas<\/a> agreed to a US-backed ceasefire in October in a bid to halt two years of devastating war.<\/p>\n<p>But he quickly raised eyebrows by sending out wide invitations, including to Russian President <a href=\"https:\/\/www.france24.com\/en\/tag\/vladimir-putin\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Vladimir Putin<\/a> and to countries far removed from traditional <a href=\"https:\/\/www.france24.com\/en\/tag\/middle-east\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Middle East<\/a> diplomacy.<\/p>\n<p class=\"a-read-more\"><span class=\"a-read-more__label\">Read more<\/span><a href=\"https:\/\/www.france24.com\/en\/americas\/20260218-very-maga-agenda-trump-board-of-peace-meant-to-replace-the-united-nations\" target=\"_self\" class=\"a-read-more__link\">&#8216;A very MAGA agenda&#8217;: Is Trump\u2019s Board of Peace meant to replace the United Nations?<\/a><\/p>\n<p>Since the board was set up, its fund \u2013 administered by the <a href=\"https:\/\/www.france24.com\/en\/tag\/world-bank\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">World Bank<\/a> and endorsed by the United Nations \u2013 has received no money from donors, the source familiar with the Board of Peace told AFP.<\/p>\n<p>The source said money had not been deposited because the fund was designed for the reconstruction and development phase, which has not yet been reached.<\/p>\n<p>Israeli military operations in Gaza have continued despite the <a href=\"https:\/\/www.france24.com\/en\/tag\/ceasefire\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">ceasefire<\/a>, with at least 910 people killed since then, according to the territory&#8217;s health ministry.<\/p>\n<p>Israel still occupies and controls more than 60 percent of the devastated\u00a0<a href=\"https:\/\/www.france24.com\/en\/tag\/gaza-strip\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Gaza Strip<\/a>, including all entry and exit points, while the Palestinian population is concentrated on the coast.<\/p>\n<p>Earlier on Wednesday, <a href=\"https:\/\/www.ft.com\/content\/5ba3bd2c-0e0e-4306-84be-99d6d89b0d49?syn-25a6b1a6=1\" target=\"_blank\">the Financial Times reported<\/a> that the board had received donations directly into a JPMorgan account, citing the board&#8217;s spokesperson.<\/p>\n<p>There are no &#8220;independent transparency requirements&#8221; in place for the JPMorgan account, the FT noted.<\/p>\n<p>Major European nations <a href=\"https:\/\/www.france24.com\/en\/americas\/20260122-donald-trump-launches-board-of-peace-initiative-for-gaza-as-key-us-allies-stay-away\" target=\"_self\">have shunned the board<\/a>, which is heavy on longstanding US partners in the Middle East, ideological allies of Trump and smaller countries eager for Trump&#8217;s attention.<\/p>\n<p>France and Britain refused to join.<\/p>\n<p class=\"a-read-more\"><span class=\"a-read-more__label\">Read more<\/span><a href=\"https:\/\/www.france24.com\/en\/trump-threatens-200-tariff-french-wine-macron-refusal-join-board-of-peace\" target=\"_self\" class=\"a-read-more__link\">Trump threatens 200% tariff on French wine over Macron&#8217;s refusal to join &#8216;Board of Peace&#8217;<\/a><\/p>\n<p>The board is unambiguously led not just by the United States but personally by Trump, who holds the final say and can remain in charge past his presidency.<\/p>\n<p>Trump previously said that the United States would contribute $10 billion to the board, while <a href=\"https:\/\/www.france24.com\/en\/tag\/qatar\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Qatar<\/a>, <a href=\"https:\/\/www.france24.com\/en\/tag\/saudi-arabia\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">Saudi Arabia<\/a> and the <a href=\"https:\/\/www.france24.com\/en\/tag\/united-arab-emirates\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">United Arab Emirates<\/a> each promised at least $1 billion.<\/p>\n<p>Members of the board are required pay $1 billion for a permanent spot, according to its charter.<\/p>\n<p>An EU-UN assessment published in April estimated that more than $71 billion will be needed over the next decade for the reconstruction of war-ravaged Gaza, where the <a href=\"https:\/\/www.france24.com\/en\/tag\/united-nations\/\" target=\"_self\" class=\"gtm-add-suggested-tag\">UN<\/a> says the humanitarian situation is &#8220;critical&#8221;.<\/p>\n<p><em>(FRANCE 24 with AFP)<\/em><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"o-sidebar\">\n<div class=\"o-sidebar__aside\">\n<div data-tms-ad-status=\"idle\" data-tms-ad-container class=\"o-ad-container o-ad-container--box o-ad-container--with-shimmer\">\n<div class=\"o-ad-container__content o-ad-container__content--report-enabled\">\n<div class=\"o-ad-container__label m-block-ad__label--report-enabled\">\n                    <span class=\"o-ad-container__label__text\">Advertising<\/span><br \/>\n                                            <button title=\"Report this ad\" class=\"o-ad-container__content__report-link\" data-tms-ad-report><br \/>\n                        <\/button>\n                                    <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"t-content__tags t-content__below-sidebar\">\n<div class=\"m-section-title m-section-title--small\">Keywords for this article<\/div>\n<ul class=\"m-tags-list\">\n<li class=\"m-tags-list__tag\">\n                <a href=\"\/en\/tag\/board-of-peace\/\" class=\"a-hot-tag\" title=\"Board of Peace\">    Board of Peace<\/a>\n            <\/li>\n<li class=\"m-tags-list__tag\">\n                <a href=\"\/en\/tag\/gaza-strip\/\" class=\"a-hot-tag\" title=\"Gaza Strip\">    Gaza Strip<\/a>\n            <\/li>\n<li class=\"m-tags-list__tag\">\n                <a href=\"\/en\/tag\/war-in-gaza\/\" class=\"a-hot-tag\" title=\"War in Gaza\">    War in Gaza<\/a>\n            <\/li>\n<li class=\"m-tags-list__tag\">\n                <a href=\"\/en\/tag\/donald-trump\/\" class=\"a-hot-tag\" title=\"Donald Trump\">    Donald Trump<\/a>\n            <\/li>\n<li class=\"m-tags-list__tag\">\n                <a href=\"\/en\/tag\/usa\/\" class=\"a-hot-tag\" title=\"USA\">    USA<\/a>\n            <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Advertising Trump Board of Peace&#8217;s official Gaza fund is empty despite billions pledged, source says&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east"],"_links":{"self":[{"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=\/wp\/v2\/posts\/1247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1247"}],"version-history":[{"count":0,"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=\/wp\/v2\/posts\/1247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=\/wp\/v2\/media\/1248"}],"wp:attachment":[{"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arabnewsmonitor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}