Donald Trump Board of Peace official fund empty, separate account received donations
Key Points:
- The World Bank fund for Donald Trump’s Board of Peace has received no funding despite $17 billion pledged by the US and other leaders, with zero dollars deposited into the World Bank account, according to sources cited by the Financial Times.
- Donations have been made directly to the Board of Peace’s JPMorgan account, which is not required to report financials to contributors or board members, unlike the World Bank.
- Morocco contributed approximately $20 million to support Gaza’s postwar governance and salaries, while the UAE’s $100 million for training a new Gaza police force remains frozen and unused.
- The US State Department has pledged to reallocate $1.2 billion of aid for board-related projects but has not spent the funds or transferred money to the Board of Peace, citing lack of systems to manage US funds.
- The Board of Peace has not yet started operations or reconstruction work in Gaza due to Hamas not being disarmed and the absence of necessary funding and systems to implement the plan on the ground.