The official fund for President Donald Trump's Board of Peace contains no money despite billions of dollars in pledges from donor countries [3, 4].
The lack of transparency regarding these funds challenges the initiative's goal of creating a viable alternative to the United Nations for post-conflict peacebuilding. If the primary financial mechanism for reconstruction remains empty, the board's ability to execute its mandate in regions like Gaza is questioned.
Launched in January 2026 [1], the Board of Peace was designed to oversee post-war reconstruction. The entity held its first meeting in February 2026 [2]. While the initiative intended to utilize a fund held at the World Bank, reports indicate that the pledged billions have not arrived in that account [6].
Contradictory reports suggest a divide between the official fund and actual cash flow. Some reports said the board is effectively broke because countries have not paid their pledges [4]. Other reports said that while the official fund remains empty, money is moving through separate accounts that lack public oversight [5].
Participation in the board has been limited. Belarus has joined the initiative [7], but other nations, including Canada, have not yet signed on [8].
The board's primary objective is to provide a new mechanism for overseeing reconstruction in Gaza [1, 4]. By positioning itself as a streamlined alternative to established international bodies, the board seeks to redefine how global reconstruction is funded, and managed.
“The official fund for President Donald Trump's Board of Peace contains no money despite billions of dollars in pledges”
The discrepancy between pledged funds and the empty World Bank account suggests a shift toward opaque financial channels. By bypassing traditional multilateral oversight, the Board of Peace risks undermining the legitimacy of its reconstruction efforts, potentially alienating cautious allies like Canada while relying on a small group of unconventional partners.
