President Trump announced on Sunday that members of his newly formed 'Board of Peace' have committed more than $5 billion toward the reconstruction of the Gaza Strip. This significant financial pledge is scheduled to be formally presented during a high-stakes diplomatic gathering in Washington, D.C., on February 19.
In a statement posted to Truth Social, the President emphasized that this massive aid package will be sourced entirely from private board members rather than relying on American taxpayer dollars. The administration has framed this private-sector approach as a pivotal component of its broader strategy to stabilize the Middle East through economic revitalization.
By leveraging private capital, the White House aims to jumpstart infrastructure projects without navigating the legislative hurdles often associated with congressional foreign aid allocations. Trump described the initiative as a 'historic opportunity' to rebuild the war-torn region while fostering new alliances between global business leaders and regional stakeholders.
The 'Board of Peace' consists of wealthy international investors and business tycoons who have aligned themselves with the administration's vision for a prosperous post-conflict Gaza. While specific names of the donors have not yet been released, the upcoming summit is expected to showcase high-profile figures committed to the region's economic future.
This ambitious reconstruction plan comes at a precarious moment, as Israeli Defense Forces continue limited operations in Gaza despite an existing cease-fire agreement. Humanitarian organizations have warned that rebuilding efforts will face immense logistical challenges as long as the security situation on the ground remains volatile and unpredictable.
Critics of the plan question how private funds can be effectively managed in a zone lacking stable governance, yet supporters argue that economic incentives are the only path to lasting peace. The February 19 meeting will likely serve as a litmus test for the administration's ability to translate bold financial promises into tangible geopolitical results.
As Washington prepares for the summit, the international community is watching closely to see if this unorthodox approach can succeed where traditional diplomacy has often struggled. The success of the $5 billion pledge ultimately depends on whether the fragile cease-fire can hold long enough for construction crews to break ground.