Participants of Trump's Peace Council are not rushing to transfer money to its treasury
According to data from the Financial Times, citing four informed sources, the Peace Council, established by Donald Trump in early 2026, remains without real funding four months after its launch.
Donald Trump. Photo: AP Photo/Mark Schiefelbein
According to the publication's sources, not a single dollar from the promised donor contributions has been deposited into the organization's bank account. Previously, several countries had pledged a total of about $17 billion for projects related to the reconstruction of the Gaza Strip.
Due to a lack of funds, the organization's work has virtually stalled. All the main tasks set for it – the disarmament of Hamas, the withdrawal of Israeli troops, and the reconstruction of Gaza – have not progressed in any way.
It is also reported that instead of the planned mechanism through the World Bank fund, which was supposed to ensure control and transparency, the funds were to be deposited into a separate account at JPMorgan bank. In this case, there is no such level of financial control and accountability.
According to information from FT and other sources, some countries did indeed pledge to participate in the financing, but in fact, only individual participants made contributions, and the amounts are significantly less than declared. For example, Morocco transferred about $20 million, which went to office operations and administrative expenses.
As a result, the "Peace Council" found itself in a situation where it formally exists and has plans, but without sufficient funding, it cannot implement them.
Problems with the funding of the "Peace Council" were reported earlier. According to Reuters, out of nine countries that pledged to contribute money, only the UAE, Morocco, and the USA made actual payments. The total amount of funds received was less than $1 billion.
At a meeting in Washington in February, Donald Trump stated that the initiative's participants pledged about $7 billion for the reconstruction of the Gaza Strip. This list included Kazakhstan, Azerbaijan, UAE, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan, and Kuwait.
In addition, the USA was supposed to add another $10 billion, and the UN - about $2 billion. These funds were planned to be directed, among other things, to the creation of a national committee for the governance of Gaza, which was supposed to receive some functions after the disarmament of Hamas.
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