The Board of Peace’s Gaza reconstruction fund has received no deposits and holds a balance of zero [1], according to reports released in May 2024.
The lack of funding threatens the viability of the reconstruction effort in Gaza, Palestine, as the gap between diplomatic pledges and actual financial transfers remains absolute.
President Donald Trump established the Board of Peace with members including the United States, Qatar, Saudi Arabia, and the United Arab Emirates. The fund was designed to facilitate the rebuilding of infrastructure in Gaza, but four months after the board's creation, no money has been transferred into the account [1].
"The fund remains completely empty, with zero deposits despite billions in pledges," a source close to the Board of Peace said [1].
Financial commitments for the fund vary by source. CBC News reported that President Trump announced the United States would contribute $10 billion [2]. However, the Toronto Sun reported that nine member states pledged more than $7 billion in total at the inaugural meeting [3].
Other specific pledges include $1 billion each from Qatar, Saudi Arabia, and the United Arab Emirates [1]. These figures are complicated by the board’s own charter, which requires each member to pay $1 billion to secure permanent participation [4].
Despite these high-profile promises, the account remains empty. Member states have not yet transferred the funds they pledged to the board's account [1].
“The fund remains completely empty, with zero deposits despite billions in pledges.”
The discrepancy between the publicized pledges and the actual fund balance suggests a disconnect between the political signaling of the 'Board of Peace' and the operational reality of its funding mechanism. By tying permanent membership to a $1 billion payment, the board has created a financial barrier that may be delaying the actual delivery of aid to Gaza, turning a humanitarian reconstruction effort into a conditional membership club.
