Christine Drews Sieger
Despite billions of dollars reportedly being pledged to Trump’s Peace Council for the reconstruction of Gaza, not a single dollar has allegedly reached the official fund account
Earlier this year, a major donation initiative was launched for the Peace Fund, with the goal of rebuilding Gaza.
According to several sources, the large sums of money have allegedly not yet been received from any of the member states, the Financial Times reports.
One source stated that “Not a single dollar has entered the account.”
Money outside the fund
According to the council’s own representatives, money has allegedly been transferred to a separate account at JPMorgan.
According to the Financial Times, the United Arab Emirates and Morocco have already sent millions of dollars to the account.
However, there is limited transparency regarding how the funds are being recorded. Because the money is not going through the World Bank’s fund, there are fewer requirements for public reporting.
Major plans delayed
When the council was established, around 7 billion dollars were pledged, while Trump also announced an additional contribution of 10 billion dollars.
However, no countries have yet paid the billion-dollar amount required to obtain lifetime membership in the organization.
The U.S. State Department is working on future plans to redirect aid funding toward projects connected to the council. However, the organization’s role remains unclear, the Financial Times reports.
Alternative to the UN
Several international media outlets describe Trump’s Peace Fund as a possible alternative to the UN.
Unlike the UN, where member states share decision-making power, the council is largely controlled by Trump himself, who also decides who can become a member.
The organization was originally established with a focus on Gaza, but according to the Financial Times and The Guardian, it may later take on a broader role in international conflicts, according to The Week.
This is partly because members include Tony Blair, Marco Rubio, and Jared Kushner, while Vladimir Putin has also been invited.
Sources: Financial Times, The Guardian, The Week
