US announces $10B donation to newly launched Board of Peace

Friday, February 20 2026 - U.S. President Donald Trump has announced a $10 billion donation to a newly established initiative known as the “Board of Peace,” describing it as a bold step toward preventing global conflicts and strengthening diplomatic efforts.

He also announced that nine members of the body committed $7 billion toward a Gaza relief package, while five countries agreed to contribute troops to an international stabilization force for the war-ravaged Palestinian territory.

Troops will initially be deployed to Rafah, a major population center where the U.S. administration hopes to first focus reconstruction efforts.

Meanwhile, Kazakhstan, Azerbaijan, the United Arab Emirates, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan, and Kuwait are the countries that are making pledges, Trump said.

“Every dollar spent is an investment in stability and the hope of new and harmonious (region),” said Trump in thanking the donors. He added, “The Board of Peace is showing how a better future can be built right here in this room. 

The dollars pledged, while significant, represents a fraction of the estimated $70 billion needed to rebuild the Palestinian territory decimated after two years of war.

Maj. Gen. Jasper Jeffers, the leader of the newly-created International Stabilization Force said the plans call for 12,000 police and 20,000 soldiers for Gaza.

“With these first steps, we help bring the security that Gaza needs for a future of prosperity and enduring peace,” Jeffers said.

The board was initiated as part of Trump's 20-point peace plan to end the conflict in Gaza.

Trump, pushing back against the criticism, said the creation of his board would help make the U.N. viable in the future.

“Someday I won’t be here. The United Nations will be,” Trump said. “I think it is going to be much stronger, and the Board of Peace is going to almost be looking over the United Nations and making sure it runs properly.”

More than 40 countries and the European Union confirmed they were sending officials to Thursday’s meeting. Germany, Italy, Norway, Switzerland and the United Kingdom are among more than a dozen countries that have not joined the board but are taking part as observers.

“Almost everybody’s accepted, and the ones that haven’t, will be," Trump predicted. "And some are playing a little cute -- it doesn’t work. You can’t play cute with me.”