Bloomberg first reported on Saturday that the Trump administration wants countries to pay $1 billion to be on the Board of Peace, citing a draft charter for the proposed group.
The Board of Peace is a global institution, endorsed by the United Nations Security Council in November 2025. Its main function is to monitor, verify, and report on the implementation of the Israel-Hamas ceasefire.
According to the draft of the group that was reviewed by Bloomberg, U.S. President Donald Trump is expected to act as the first chairman of the group and decide which members to invite. Although decisions would be made by a majority vote, the chairman would be the final decision maker.
The draft would provide a three-year term to the member states on the board, although a permanent seat would be granted to them on payment of a cash amounting to $1 billion within the first year of commencement of the charter.
A U.S. official informed CNBC that the Board of Peace membership is free, but the $1 billion offering would guarantee a lifetime membership. The board’s main function is to oversee efforts to “rebuild all of Gaza,” and “virtually every dollar” raised would be spent on that mandate. The official reported that the group will operate without “exorbitant salaries and massive administrative bloat.”
However, it’s not specific where the funds collected from the Board of Peace members would be held. Bloomberg indicated on Saturday that Trump has invited several international leaders, such as Canadian Prime Minister Mark Carney and Argentine President Javier Milei, to become part of the Board of Peace to Gaza, which will be included in the larger Board of Peace.
AP News stated on Sunday that the invitations to the board of peace were confirmed by several other countries, such as Hungary, India, Jordan, Greece, Cyprus, and Pakistan. Other countries that had been invited included Turkey, Egypt, Paraguay, and Albania.
The White House said in a statement on Friday that under Trump’s guidance, the group has also created a founding executive board to “oversee a defined portfolio critical to Gaza’s stabilization and long-term success.”
The executives and appointees of the executive board consist of the U.S. Secretary of State, Marco Rubio, U.S. special envoy Steve Witkoff, Trump’s son-in-law Jared Kushner, former United Kingdom Prime Minister Tony Blair, Apollo Global Management CEO Marc Rowan, World Bank President Ajay Banga, and U.S. deputy national security advisor Robert Gabriel.
