Trump's Board of Peace to Announce $5B in Gaza Reconstruction Funding

The new international body will hold its inaugural meeting in Washington this week.

Published on Feb. 16, 2026

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Former President Donald Trump announced that members of his newly created Board of Peace have pledged $5 billion toward rebuilding the war-ravaged Gaza Strip. The pledges will be formally announced when the board members gather in Washington on Thursday for their 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 total cost at $70 billion. The ceasefire deal calls for an armed international stabilization force to maintain security and ensure the disarmament of the militant Hamas group, a key demand of Israel. However, few countries have so far expressed interest in contributing to such a force.

The details

Trump did not specify which member nations are making the $5 billion in reconstruction pledges or will contribute personnel to the stabilization force. However, 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. This is the first firm commitment the Republican president has received.

  • The Board of Peace will hold its inaugural meeting in Washington 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 former President of the United States who announced the creation of the Board of Peace and will serve as its chairman.

Benjamin Netanyahu

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

Indonesia's Military

The Indonesian military said it expects to have up to 8,000 troops ready by the end of June 2026 for a potential deployment to Gaza as part of a humanitarian and peace mission.

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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 (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 new international body led by former President Trump aims to sidestep the United Nations and reset the post-World War II global order, with a focus on resolving crises like the conflict in Gaza. However, many of America's traditional allies have been skeptical of joining what they see as a rival to the UN Security Council.