Trump Board of Peace Gaza Fund Stays Empty Despite $17 Billion in Pledges

7 articles · Updated · FRANCE 24 English · May 27

Four months after launch, the Board of Peace’s official World Bank-run Gaza reconstruction fund still holds no donor money, despite roughly $17 billion in public pledges.
Israeli operations have continued despite the October US-backed ceasefire, with Gaza health authorities reporting at least 910 deaths since then, leaving reconstruction conditions unmet.
The board says the fund was built for a later reconstruction phase, while some donations were instead routed to a separate JPMorgan account that the Financial Times said lacks independent transparency requirements.
Trump had promised $10 billion and Qatar, Saudi Arabia and the UAE at least $1 billion each, but France and Britain stayed out of the board, which remains heavily shaped by Trump personally.
An EU-UN assessment in April put Gaza’s reconstruction bill above $71 billion over the next decade, underscoring the gap between headline pledges and usable aid.

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?