Trump’s Gaza Board of Peace Fund Receives Zero Donor Money, Reconstruction Stalls

US President Donald Trump’s Board of Peace for Gaza is stuck in legal and political limbo after its official reconstruction fund received no donor money four months after its creation, despite member states pledging $7 billion for a Gaza relief package and Trump promising an additional $10 billion in U.S. funding.

“The official fund of Donald Trump's Peace Council is empty, and the organization is stuck in a legal and political limbo that has stalled reconstruction projects in the Gaza Strip”

Folha de S.Paulo

The Financial Times reported that the World Bank-administered fund endorsed by the United Nations has received no donor contributions, with one source telling the paper, "Not a single dollar has come in".

Folha de S.Paulo

Instead of using the World Bank mechanism, donations have reportedly been routed into a JPMorgan bank account, which a Board spokesman said carries no independent transparency requirements compared with the World Bank approach.

Morocco’s roughly $20 million contribution has helped fund the office of Nikolai Mladenov, the high representative for post-war Gaza, and salaries for a Palestinian technocratic commission the Board appointed to govern the territory.

The Board has launched tenders for security and reconstruction work in Gaza but has awarded no contracts, with a spokesman citing Hamas’s continued failure to disarm as the primary obstacle to operations on the ground.

A Board spokesman told the Financial Times that "a range of funding options have been established" and that donors "have chosen to utilize other options at this time," while the Board said it would present financial reports to its own board comprising Trump administration officials and advisers "in due course".

The Jerusalem Post reported that the Board responded to the Financial Times on X/Twitter saying, "This FT article tries desperately to sow doubt about the commitment of the US and partners to the Board of Peace."

France 24

The Times of India, citing the Financial Times, said the board’s official fund administered by the World Bank has not received any donor money since its launch and quoted a source saying, "Zero dollars have been deposited."

The Times of India also said the JPMorgan account has no "independent transparency requirements," contrasting it with the World Bank fund that is administered for the board and endorsed by the United Nations.

France 24, citing an AFP source, said the fund has received no money from donors and that the money had not been deposited because the fund was designed for the reconstruction and development phase, which has not yet been reached.

The funding shortfall has already affected plans for the National Committee for the Administration of Gaza (NCAG), which Reuters reported in April that the board informed Hamas and other Palestinian factions could not enter Gaza because of a lack of funds.

“- i24NEWS - International - Trump's Board of Peace fund sits empty 4 months after launch - report Trump's Board of Peace fund sits empty 4 months after launch - report Billions were pledged by member states, but the World Bank account has taken in nothing, with money instead routed through a less-transparent private account, the Financial Times reports The fund meant to bankroll US President Donald Trump's Board of Peace has yet to receive a single donation, leaving the body tangled in legal and political uncertainty that has stalled efforts to rebuild Gaza, the Financial Times reported on Wednesday”

i24NEWS

The Times of India said violence has continued in Gaza despite the October ceasefire, and it reported that Israeli strikes have killed at least 700 people since then, according to local health officials.

The Board’s spokesperson told the Financial Times that there is no authority on the ground "to handle the flow of services and goods that are imagined as part of the plan," and that "We’re not, like, hoarding money in a bank account and then awarding contracts for things that can’t be delivered," as Hamas has not yet been disarmed.

A UN Security Council resolution described the Board as a "transitional administration" until the Palestinian Authority returns to control of the territory, and one person involved in postwar planning asked, "What happens when this expires?"

With the EU-UN-World Bank assessment estimating that Gaza’s reconstruction will require more than $71 billion over the next decade, the Board’s lack of awarded contracts and stalled disbursements leave the reconstruction timeline dependent on unresolved disarmament and financial controls.