World Bank Gaza Fund Gets $0 of $17 Billion as Donations Bypass It to JPMorgan

6 articles · Updated · The Jerusalem Post · May 27

$17 billion in pledges for Donald Trump’s Board of Peace has left the World Bank-run fund empty, with contributors instead routing money through a separate JPMorgan account, the Financial Times reported.
That detour leaves the board’s finances outside the World Bank’s reporting framework; the board said it will disclose financials to its own executive board only “at a time deemed appropriate.”
Only limited money has moved: Morocco provided about $20 million for Nickolay Mladenov’s office and salaries for a Palestinian technocratic committee, while the UAE’s $100 million for police training is frozen and the program has not begun.
U.S. support also remains largely notional: the State Department plans to redirect about $1.2 billion to related projects and wants to give the board $50 million directly, but neither has been disbursed.
No U.S. reconstruction money has reached Gaza, no contracts have been awarded, and officials say the board still lacks systems to handle funds or operate on the ground while Hamas remains armed.

Why have billions in reconstruction pledges for Gaza vanished amid the escalating U.S.-Iran war?

Is Trump’s controversial Board of Peace a true solution or a power play sidelining Palestinians?