The World Bank-administered fund for Trump’s “Board of Peace” in Gaza contains zero dollars, despite approximately $17 billion in pledges, due to stalled disbursement and legal disputes.
The board has reportedly directed some donations into a private JPMorgan Chase account instead of the transparent, World Bank-administered account, drawing sharp criticism over a lack of independent oversight.
No reconstruction contracts have been awarded because the board cannot operate in Gaza without security, but security is impossible without funding—creating a deadlock tied to Hamas’ refusal to disarm.
The board’s requirement of a $1 billion entry fee has deterred major allies like France and Britain, while Gulf states like Saudi Arabia remain hesitant due to stalled diplomacy and U.S.-Israeli military posture toward Iran.
The U.S. is considering seizing part of the $5 billion in Palestinian Authority tax revenue held by Israel to fund a transitional authority, a move critics say punishes the PA for Hamas’ actions.
In a stark revelation that underscores the paralysis of international reconstruction efforts, the World Bank-administered fund established for President Donald Trump’s “Board of Peace” in Gaza officially contains zero dollars. This finding comes despite approximately $17 billion in pledges from various nations, raising serious questions about the viability of the administration’s signature post-conflict initiative.
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