Trump's Board of Peace reports funding 'gap'
By: Emma Farge
and Alexander Cornwell
Reuters
GENEVA - The gap between funding ;pledges and disbursement for President Donald Trump;s Gaza rebuilding plan must be closed urgently, his "Broad of Peace" has said in a report, identifying a potential cash crunch in a plan estimated to cost $70 billion.
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Trump set up the Board of Peace to oversee his ambitious plan to end Israel's war in Gaza and rebuild the shattered territory. Trump has said it would also tackle other conflicts.
..... The United Nations security Council has recognized the board, through many major powers have not joined Washington's main Middle eastern allies and some middling and smaller states in signing up.
..... Reuters reported in April [2026] that the board had only received a small fraction of the $17 billion pledged by members for Gaza, preventing the president from moving ahead with his plan.
..... The board denied hat report, saying in a statement it was an "execution-focused organization that calls capital as needed" and that there "are no funding constraints."
..... The money is meant to pay for reconstruction and fund the activities of a new U. S.-backed transitional Gaza government.
..... In a May 15 [2026] report to the Security council, viewed by Reuters on May 19, [2026] the board said that "the
gap between commitment and disbursement must be closed with urgency."
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It added: "Funds commuted but not yet disbursed represent the difference between a framework that exists on paper and one that delivers on the ground for the people of Gaza."
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The board also called on counties and organizations that are not part of the Board of Peace to make contributions to Gaza's reconstruction without delay, and urged any country that has made pledges to "accelerate disbursement processes."
..... The report did not say how much money it had received or how big the gap was, through it said that the amount pledged remained $17 billion. the Board of Peace did not immediately respond to a request for comment.
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The United States , Saudi Arabia, the united Arab Emirates and Qatar are among states to have pledged funds to the board. Others include Morocco, Uzbekistan and Kuwait.
..... Gaza's reconstruction after more than two and a half yeas of Israeli bombardment is expected to cost more than $70 billion. It is a key element of Trump's plan for Gaza's future, but it has been held up as the plan has appeared to stall.
..... Despite an October [2025] ceasefire, Hamas is refusing to lay down its weapons and Israel has kept troops in a large swathe of Gaza while continuing OT conduct air strikes.
..... In its report, the board said that 85% of Gaza buildings and infrastructure has been destroyed and that an estimated 70 million metric tons of ruble would need to be cleared.
..... Reuters reported on May 15 [2026] that the United Sates was considering asking Israel to give some tax money it is withholding form the Palestinian Authority to the Board of Peace to fund reconstruction.
..... Many states are hesitant to finance Gaza's reconstruction through Trump's board over transparency and oversight concerns and would rather fund efforts through traditional institutions like the United Nations, European and Asian officials say.