Trump’s Board of Peace Gaza fund remains emptyGaza fund remains empty despite pledges
President Donald Trump’s Board of Peace has no money in its official Gaza reconstruction fund, according to reports published on Wednesday. The fund was meant to help rebuild Gaza after the war, but the shortfall has raised questions about how the effort will be financed and governed.
Financial Times report
The Financial Times said the account has yet to receive donations and lacks independent transparency requirements. It reported that the arrangement has created legal and political uncertainty around the reconstruction plan.
Board of Peace response
The Board of Peace said the World Bank-administered fund is only one of several funding channels and has not been used by donors. It said the wider effort is being financed through other mechanisms.
Member-country position
The reports noted that several countries had pledged large sums, but the official fund still shows no cash. That gap suggests donors have not yet turned announcements into transfers.
- The World Bank has long managed trust funds for crisis recovery in places from Iraq to Afghanistan.
- Gaza’s reconstruction needs have repeatedly become linked to ceasefire diplomacy and border access politics.
- Qatar and Saudi Arabia have often financed regional recovery efforts, but usually through separate bilateral channels.
US-Iran Ceasefire War
The United States launched military strikes against Iran on June 26, 2026, in response to a drone attack on a commercial cargo ship in the Strait of Hormuz, calling it a "foolish violation" of the 60-day ceasefire agreement signed just days earlier[2][4][14].
26 June, 09:35 PM
US launches strikes against Iran following commercial ship attack26 June, 04:47 PM
Trump calls Iran drone attack on cargo ship a ceasefire violation
