Trump sets $1B price tag for “Board of Peace” permanent seat

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US President Donald Trump described his proposed “Board of Peace” to oversee Gaza’s transition and reconstruction as “the Greatest and Most Prestigious Board ever assembled at any time, any place.”

Permanent seats require at least $1 billion contributions within the first year, per draft charter. Standard members serve three-year terms, renewable by Chairman Trump.

Funding and mandate questions

“The three-year membership term shall not apply to Member States that contribute more than USD $1,000,000,000 in cash funds to the Board of Peace within the first year.”

Uses for funds remain unclear. Washington Post cited European official saying Trump’s ambitions exceed Gaza, with little appetite for financing a Trump-led order potentially replacing the UN.

Most invitees reject Trump managing funds, Bloomberg sources said.

White House rapid response called fee an offer for “permanent membership to partner countries who demonstrate deep commitment.” Unnamed US official told Bloomberg all funds rebuild Gaza.

Global invitations mixed

Weekend invitations went to India, Jordan, Türkiye, Egypt. Trump allies accepted swiftly: Argentina’s Javier Milei called it an “honour”; Hungary’s Viktor Orbán posted the letter.

UK ministers question fund destination and legal framework, Times reported. Canada’s Mark Carney noted prior contact but needs details on structure, financing.

White House announced founders Friday: Secretary Marco Rubio, envoy Steve Witkoff, Jared Kushner, Tony Blair, World Bank head Ajay Banga. Blair distanced from membership decisions, fee queries to Trump team.

Draft charter lacks explicit Gaza mention, describes promoting stability, governance, peace in conflict areas. UNSC Resolution 2803 backs board for Gaza redevelopment until 2027.

Source: Time


Also read: Trump invites Cyprus to “Board of Peace” for Gaza

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