The Board of Peace, chaired by President Donald Trump, is not accumulating lump-sum payments from its member states but is instead collecting funds as needed for projects in Gaza. The board has received $1 billion in pledges from various nations, with an official stating that the organization aims to call upon partners for contributions when immediate needs arise.
The official emphasized that hoarding large sums of money would not be responsible, stating, "If we had $17,000,000,000, we wouldn’t be able to spend it." Contributions are expected to be made by individual nations based on specific projects they wish to support. For example, Morocco has made a financial contribution and pledged police training in Gaza, while the United Arab Emirates approved a $100 million payment for training a new police force.
Despite these contributions, a report from the Financial Times indicated that the Board of Peace is facing challenges, including a lack of funds flowing from the World Bank. The board has countered this claim, stating that they are receiving funding through other mechanisms, such as their account with J.P. Morgan.
As of now, the Board of Peace has not begun operations in Gaza due to various hurdles, including the need for a transitional governance body and the deployment of peacekeeping troops. The board has expressed concerns about Hamas' control in the region, which they believe is a significant obstacle to their mission. Nikolay Mladenov, head of the Board of Peace, has called on the United Nations Security Council to pressure Hamas toward disarmament, emphasizing the need for a stable environment for reconstruction efforts.