Trump tells first Board of Peace meeting $7bn contributed to Gaza reconstruction fund

Hamas disarmament and withdrawal of Israeli troops from Palestinian enclave likely to test effectiveness of new board

US president Donald Trump attends the inaugural meeting of the Board of Peace at the US Institute of Peace in Washington DC, on Thursday. Photograph: Saul Loeb/AFP via Getty
US president Donald Trump attends the inaugural meeting of the Board of Peace at the US Institute of Peace in Washington DC, on Thursday. Photograph: Saul Loeb/AFP via Getty

US president Donald Trump told the first meeting of his Board of Peace on Thursday that nations had ‌contributed $7 billion to a Gaza reconstruction fund that aims to rebuild the enclave once Hamas disarms, an objective that is far from becoming a reality.

The disarmament of Hamas militants and accompanying withdrawal of Israeli troops, the size of the reconstruction fund and the flow of humanitarian aid to the ​war-battered populace of Gaza are among the major questions likely to test the effectiveness of the board in the months ahead.

The meeting in Washington came amid a broader push by Trump to build a reputation as a peacemaker in hopes of winning the Nobel Peace Prize. It also took place as the US threatens war against Iran and has embarked on a massive military build-up in the region in case Tehran refuses to give up its nuclear program.

The board’s founding membership does not include some key US western allies concerned about the scope of the initiative.

In a flurry of announcements at the end of a long, winding speech, Trump said the ​US will make a contribution of $10 billion to the Board of Peace. He did not say where the money would come from or whether he would seek it from the US Congress.

He said contributing nations had raised $7 billion as an initial down payment for Gaza reconstruction. Contributors included Kazakhstan, Azerbaijan, United Arab Emirates, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan, and Kuwait, he said. The membership is mostly ‌made ‌up ​of Middle Eastern countries, plus leaders from outside the region who may be looking to gain favour with Trump.

Estimates for rebuilding Gaza, which was reduced to rubble after two years of war, range up to $70 billion.

Trump said Fifa will raise $75 million for soccer-related projects in Gaza and that the United Nations will chip in $2 billion for humanitarian assistance.

Trump proposed the board ⁠last September when he announced his plan to end Israel’s war in Gaza. He later made clear the board’s remit would be expanded ‌beyond ‌Gaza ​to tackle other conflicts worldwide, a point he reiterated on Wednesday by saying it ​would look into “hotspots” around the world.

The board includes Israel but not Palestinian representatives.

Officials listen to presentations at the inaugural meeting of the Board of Peace. Photograph: Chip Somodevilla/Getty
Officials listen to presentations at the inaugural meeting of the Board of Peace. Photograph: Chip Somodevilla/Getty

Trump’s suggestion that the board could eventually address challenges beyond Gaza has stirred anxiety that it could undermine the UN’s role as the main platform ‌for global diplomacy and conflict resolution.

“We’re going to strengthen the United Nations,” Trump said, trying ​to assuage his critics, even though the US is in arrears on making payments.

Trump said Norway would host a Board of Peace event, but Norway clarified it was not joining the board.

The ​meeting came as Trump threatens war against Iran and has embarked on a massive military build-up in the region in case Tehran refuses to give ⁠up its nuclear program.

Trump said he should know in ⁠10 days whether a deal is possible. “We ​have to have a meaningful deal,” he said.

Former UK prime minister Tony Blair (left) attended the board's first meeting in Washington DC on Tuesday. Photograph: Chip Somodevilla/Getty
Former UK prime minister Tony Blair (left) attended the board's first meeting in Washington DC on Tuesday. Photograph: Chip Somodevilla/Getty

Trump said several nations are planning to send thousands of troops to participate in an International Stabilization Force that will help keep the peace in Gaza when it eventually deploys.

Indonesian president Prabowo Subianto announced his country would contribute up to 8,000 troops to the force.

The plan for the force is to begin working in areas Israel controls in the absence of Hamas disarmament. The force, led by a US general with an Indonesian deputy, will start in the Israeli-controlled city of Rafah and train a new police force, eventually aiming to prepare 12,000 police and have 20,000 troops.

Hamas, fearful of Israeli reprisals, has been reluctant to hand over weaponry as part of Trump’s 20-point Gaza plan that brought about a fragile ceasefire last October in the two-year Gaza war.

Trump said he hoped use of force to disarm Hamas would ‌not be necessary. He said Hamas had ⁠promised to disarm and it “looks like they’re going to be doing that, but we’ll have to find out.”

Israeli prime minister Binyamin Netanyahu said in Israel that Hamas will be disarmed one way or the other. “Very soon, Hamas will face a dilemma – to disarm peacefully ‌or disarmed forcefully,” he said.

In Gaza, Hamas spokesperson Hazem Qassem said any international force must “monitor the ceasefire and prevent the [Israeli] occupation from continuing its aggression”. Disarmament could be discussed, he said, ​without directly committing to it.

Hamas, which has resumed administration of the ruined enclave, says it is ready to hand ​over to a US-backed committee of Palestinian technocrats led by Ali Shaath but that Israel has not allowed the group into Gaza. Israel has yet to comment on those assertions.

A member of the peace board, who declined to be named, said the Gaza plan faces formidable obstacles. Establishing security in the enclave is a precondition for progress in other areas, but the police force is neither ‌ready nor fully trained, said the official. – Reuters

Women walk down a hill overlooking a camp for displaced Palestinians on a foggy day in Khan Yunis, in the southern Gaza Strip, on February 14, 2026. Photograph: by Bashar Taleb/AFP via Getty Images
Women walk down a hill overlooking a camp for displaced Palestinians on a foggy day in Khan Yunis, in the southern Gaza Strip, on February 14, 2026. Photograph: by Bashar Taleb/AFP via Getty Images

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