Trump unveils $10B Gaza pledge as global donors back plan: 'Every dollar spent is an investment'

President Donald Trump outlined a multinational framework aimed at rebuilding Gaza, though key details on fund allocation remained unclear
President Donald Trump spoke during the inaugural meeting of the Board of Peace at the Donald J Trump Institute of Peace on February 19, 2026 in Washington, DC (Getty Images)
President Donald Trump spoke during the inaugural meeting of the Board of Peace at the Donald J Trump Institute of Peace on February 19, 2026 in Washington, DC (Getty Images)


WASHINGTON, DC: President Donald Trump announced on Thursday, February 19, that the United States would pledge $10 billion to his newly convened 'Board of Peace', though he did not specify how the funds would 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 had committed a combined $7 billion toward a Gaza relief package.

WASHINGTON, DC - FEBRUARY 19: U.S. President Donald Trump speaks during the inaugural meeting of the Board of Peace at the Donald J. Trump Institute of Peace on February 19, 2026 in Washington, DC. Assembled to raise money for the rebuilding and stabilization of Gaza, Trump's Board of Peace was formally established on the sidelines of World Economic Forum in January of 2026. (Photo by Chip Somodevilla/Getty Images)
President Donald Trump speaks during the inaugural meeting of the 'Board of Peace' at the Donald J Trump Institute of Peace on February 19, 2026, in Washington, DC (Chip Somodevilla/Getty Images)

US $10 billion pledge and reconstruction focus

Trump said that the 'Board of Peace' would 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.

DAVOS, SWITZERLAND - JANUARY 22: U.S. President Donald Trump holds up his signature on the founding charter during a signing ceremony for the “Board of Peace” at the World Economic Forum (WEF) on January 22, 2026 in Davos, Switzerland. The US-backed “Board of Peace” is intended to administer the fragile ceasefire in the Gaza Strip after the war between Israel and Hamas. The final makeup of the board has not been confirmed. (Photo by Chip Somodevilla/Getty Images)
President Donald Trump holds up his signature on the founding charter during a signing ceremony for the 'Board of Peace' at the World Economic Forum (WEF) on January 22, 2026, in Davos, Switzerland (Chip Somodevilla/Getty Images)

The estimated cost to rebuild Gaza was estimated 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 included 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 that the global body should have taken a more active role in conflict resolution. 

WASHINGTON, DC - FEBRUARY 19: Vietnamese President To Lam (C) and Prime Minister Viktor Orban (R) wait for the arrival of U.S. President Donald Trump during the inaugural meeting of the Board of Peace at the Donald J. Trump Institute of Peace on February 19, 2026 in Washington, DC. Assembled to raise money for the rebuilding and stabilization of Gaza, Trump's Board of Peace was formally established on the sidelines of World Economic Forum in January of 2026. (Photo by Chip Somodevilla/Getty Images)
Vietnamese President To Lam (C) and Prime Minister Viktor Orban (R) wait for the arrival of President Donald Trump during the inaugural meeting of the 'Board of Peace' at the Donald J Trump Institute of Peace on February 19, 2026, in Washington, DC (Chip Somodevilla/Getty Images)

“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, had 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.

U.S. President Donald Trump holds up his signature on the founding charter during a signing ceremony for the “Board of Peace” at the World Economic Forum (WEF) on January 22, 2026 in Davos, Switzerland. The US-backed “Board of Peace” is intended to administer the fragile ceasefire in the Gaza Strip after the war between Israel and Hamas. The final makeup of the board has not been confirmed. (Photo by Chip Somodevilla/Getty Images)
President Donald Trump holds up his signature on the founding charter during a signing ceremony for the 'Board of Peace' at the World Economic Forum (WEF) on January 22, 2026, in Davos, Switzerland (Chip Somodevilla/Getty Images)

The pledged amount represented a portion of the overall reconstruction needs, which officials estimated at roughly $70 billion.

The contributions were 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 had pledged to send troops to participate in a Gaza stabilization force, according to a US commander involved in planning discussions.

GET BREAKING U.S. NEWS & POLITICAL UPDATES
STRAIGHT TO YOUR INBOX.

MORE STORIES

Fresh attacks deepen doubts about Washington’s push for a deal with Tehran
15 hours ago
Fresh Israeli strikes and cross-border attacks strain US-backed de-escalation efforts
1 day ago
The project, which local media reports estimate will cost around $4 billion, includes approximately 250 hectares within the Narta-Zvernec wetland and lagoon ecosystem
1 day ago
Lebanon developments become central to efforts to prevent wider regional conflict
2 days ago
Ali Hamdan said he told US officials that Hezbollah was ready to fully commit to and guarantee a comprehensive ceasefire on behalf of Nabih Berri
2 days ago
Iran walks away from US talks, says Beirut strike violated ceasefire terms
2 days ago
Tehran said Washington's demands were excessive, while the White House reviewed a proposed agreement that could have extended a fragile ceasefire
4 days ago
'The era of the United States subsidizing the defense of wealthy nations is over. We need partners, not protectorates', Pete Hegseth said
4 days ago
Defense chief says Iran talks favor US, warns forces remain strike-ready
4 days ago
By choosing a stage in Asia to pressure European allies, Hegseth appeared to send a broader message about US strategic priorities
4 days ago