Board of Peace Pledges Over $5 Billion for Gaza Reconstruction Ahead of Washington Summit

Members of the newly established Board of Peace (BoP) have committed more than five billion U.S. dollars designated for humanitarian relief and the extensive reconstruction of the Gaza Strip. U.S. President Donald Trump announced the financial mobilization on Sunday, February 15, 2026, via his social media platform, ahead of the body's inaugural meeting scheduled for Thursday, February 19, 2026, in Washington, D.C.

The Board, which was formally launched on January 22, 2026, at the World Economic Forum in Davos, Switzerland, is tasked with overseeing the implementation of the second phase of the Gaza ceasefire. The upcoming assembly will convene at the Donald J. Trump U.S. Institute of Peace, which was recently renamed from the U.S. Institute of Peace. The Board’s mandate, authorized by UN Security Council Resolution 2803 on November 17, 2025, is set to remain in effect until December 31, 2027, unless further Council review extends it.

In addition to financial commitments, member nations have pledged thousands of personnel to support the UN Security Council-authorized International Stabilization Force (ISF) and local police units intended to maintain security. The ISF mandate includes stabilizing the security environment, training vetted Palestinian police, and overseeing demilitarization in Gaza. President Trump explicitly conditioned the advancement of the overall process on Hamas adhering to the prerequisite for "full and immediate demilitarisation."

The Board's founding charter was signed by 19 initial signatories, including the United States, Azerbaijan, Armenia, Kazakhstan, Uzbekistan, Pakistan, Indonesia, Hungary, and Bulgaria, with membership expanding to 27 countries as of the announcement. Executive oversight for the Gaza-specific aspects of the plan is vested in a committee comprising Jared Kushner, Secretary of State Marco Rubio, and former UK Prime Minister Tony Blair. Indonesia’s President Prabowo Subianto confirmed his nation’s participation, emphasizing that their involvement would remain strictly humanitarian and non-combat in nature, though the military has prepared up to 8,000 troops for potential deployment by the end of June.

The United Nations estimates the total cost for Gaza's reconstruction may approach $70 billion, positioning the current $5 billion pledge as a significant initial capital infusion. While the Board's writ extends beyond Gaza to promote global stability, its structure has drawn commentary, with some observers noting the absence of key Western allies like Germany and Italy, fueling discussion regarding the organization's scope relative to the established United Nations framework.