Trump unveils $10B Gaza pledge as global donors back plan: 'Every dollar spent is an investment'
WASHINGTON, DC: President Donald Trump announced on Thursday, February 19, that the United States will pledge $10 billion to his newly convened 'Board of Peace', though he did not specify how the funds will be allocated.
The announcement came during the board’s inaugural meeting, which brought together representatives from more than 40 countries and observers from over a dozen others.
The gathering focused on reconstruction efforts and the potential creation of an international stabilization force for Gaza, where a fragile ceasefire remains in place. Trump also said nine countries have committed a combined $7 billion toward a Gaza relief package.
US $10 billion pledge and reconstruction focus
Trump said that the 'Board of Peace' will play a central role in rebuilding the war-affected territory.
“The Board of Peace is showing how a better future can be built, starting right here in this room,” Trump said.
He announced that the United States would commit $10 billion to the initiative but did not provide details regarding how the funds would be distributed or whether they would be directed toward reconstruction, security operations, or administrative costs.
The president also said that board members collectively had pledged $5 billion for reconstruction efforts, describing it as a starting point toward long-term recovery.
The estimated cost to rebuild Gaza has been placed at approximately $70 billion after two years of conflict.
In addition to financial contributions, participating countries are expected to commit personnel to international stabilization and police forces.
The initiative includes discussions about forming a multinational presence aimed at maintaining security and supporting reconstruction in Gaza.
During the meeting, Trump reiterated criticism of the United Nations, suggesting the global body should have taken a more active role in conflict resolution.
“Someday I won’t be here. The United Nations will be, I think, is going to be much stronger,” he said. “The Board of Peace is gonna almost be looking over the United Nations, and making sure it runs properly.”
At the same time, Trump said the United States would cooperate with the UN. “We’re going to be working with the United Nations very closely,” he added.
Nine countries commit $7 billion to Gaza relief package
Trump also announced that nine countries, Kazakhstan, Azerbaijan, the United Arab Emirates, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan and Kuwait, have pledged a combined $7 billion toward a Gaza relief package.
“But every dollar spent is an investment in stability and the hope of a new and harmonious (region),” Trump said while thanking the donor nations.
The pledged amount represents a portion of the overall reconstruction needs, which officials estimate at roughly $70 billion.
The contributions are intended to support humanitarian relief, infrastructure rebuilding, and broader stabilization efforts in the territory.
Representatives from more than 40 countries attended the inaugural Board of Peace session, signaling a broad international interest in post-conflict planning for Gaza. Observers from additional nations were also present, according to organizers.
Indonesia, Morocco, Kazakhstan, Kosovo and Albania have pledged to send troops to participate in a Gaza stabilization force, according to a US commander involved in planning discussions.
Participating countries are expected to contribute personnel for international policing and security operations aimed at maintaining order and supporting reconstruction activities.
