00:05Board of Peace has turned into Board of Nothing. Just four months into its flashy launch, the official fund apparently
00:13amounts to nothing.
00:15In a report carried out by the Financial Times and other international news organizations,
00:20the official fund of the Board of Peace, overseen by the World Bank and supported by the United Nations, has
00:27yet to receive any donations.
00:29A hefty entry donation was reportedly expected from nations aspiring for a permanent seat on the board, amounting to $1
00:37billion.
00:39The United States has reportedly committed $10 billion, and its allies have promised at least $1 billion each.
00:46According to sources close to the development, however, as late as May 2026, not a single dollar has yet made
00:54it to the official World Bank managed account.
00:56Where is the money? The Board of Peace spokesperson had explained that the World Bank account was just one method
01:05among many to raise money.
01:07Some donations have gone directly into a personal account held at JPMorgan Chase.
01:12But the critics are voicing legitimate worries. This personal account is not known to have the same level of independent
01:20scrutiny and reporting as the one managed by the World Bank.
01:24This is part of why the leading European nations such as Great Britain and France have apparently stayed away from
01:30the board, as it seemed a murky Trump led alternative to UN diplomacy.
01:35But those who support the current administration say there is an entirely practical reason behind the empty official bank account.
01:44This is because the reconstruction process has yet to start. Though a ceasefire accord was signed by all parties in
01:52October, violence in Gaza persists in waves, and Hamas has yet to be disarmed.
01:57It is claimed that new Palestinian administrative committees have yet to venture into Gaza without money, infrastructure or any aid
02:06network in place for fear of facing too much humanitarian pressure.
02:10According to an analysis by the European Union and United Nations, rebuilding Gaza will likely cost more than 71 billion
02:19dollars over the next 10 years.
02:21In the meantime, Trump's grandiose Board of Peace is stuck in geopolitics deadlock, plagued with increasing concerns regarding transparency, unstable
02:32conditions on the ground, and billions of dollars that exist more on paper than in reality.
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