Trump Announces $5 Billion in Gaza Reconstruction Pledges

Newly formed Board of Peace to unveil commitments at inaugural meeting

Published on Feb. 16, 2026

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President Donald Trump announced that members of his newly created Board of Peace have pledged $5 billion toward rebuilding war-ravaged Gaza. The pledges will be formally announced when the board gathers in Washington on Thursday for its first meeting. Trump said the Board of Peace will prove to be the 'most consequential International Body in History', and he will serve as its Chairman.

Why it matters

Rebuilding Gaza will be a massive undertaking, with the United Nations, World Bank and European Union estimating the cost at $70 billion. The ceasefire deal calls for an armed international stabilization force to maintain security and ensure the disarming of Hamas, a key demand of Israel. However, few countries have so far expressed interest in contributing to the proposed force.

The details

Trump did not provide details on which member nations are making the $5 billion in reconstruction pledges or will contribute personnel to the stabilization force. Indonesia's military said it expects to have up to 8,000 troops ready by the end of June for a potential deployment to Gaza as part of a humanitarian and peace mission, the first firm commitment the Republican president has received.

  • The Board of Peace will hold its inaugural meeting on Thursday, February 20, 2026.
  • Indonesia's military said it expects to have up to 8,000 troops ready by the end of June 2026 for a potential deployment to Gaza.

The players

Donald Trump

The President of the United States who announced the creation of the Board of Peace and pledges for $5 billion in Gaza reconstruction.

Benjamin Netanyahu

The Prime Minister of Israel, who is not expected to attend the Board of Peace's inaugural meeting.

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What they’re saying

“The Board of Peace will prove to be the most consequential International Body in History, and it is my honor to serve as its Chairman.”

— Donald Trump, President of the United States (Social media)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This announcement highlights Trump's ambition to reset the post-World War II international order through his new Board of Peace, which aims to sidestep the United Nations and resolve global crises. However, the initiative faces skepticism from many of America's top allies, who suspect it may be an attempt to rival the UN Security Council.