United States Head Donald Trump’s Board of Calm has no cash in its official Gaza reconstruction fund, despite member countries pledging
An illustrative image related to: Trump Board of Calm's official Gaza fund is empty, highlighting key aspects of the story. | Image source: The Express Tribune
Trump Board of Calm's official Gaza fund is empty
United States Head Donald Trump’s Board of Calm has no cash in its official Gaza reconstruction fund, despite member countries pledging billions of dollars, a source familiar with the board informed AFP on Wednesday. Trump first conceived of the board to rebuild Gaza , where Israel and Hamas agreed to a US-backed temporary calm in October in a bid to halt two years of devastating dispute. But he quickly raised eyebrows by sending out wide invitations, including to Russian Head Vladimir Putin and to countries far removed from traditional Middle East diplomacy. Since the board was set up, its fund — administered by the World Bank and endorsed by the United Nations — has received no money from donors, the source familiar with the Board of Calm informed AFP . The source stated money had not been deposited because the fund was designed for the reconstruction and progress phase, which has not yet been reached. Israeli legal defence team operations in Gaza have continued despite the temporary calm, with at least 910 individuals killed since then, according to the territory’s wellbeing government department. Israel still retains control over 60% of the Gaza Strip, including all entry and exit points, while the inhabitants is concentrated on the coast.
Read More: Trump's Gaza board reports funding 'gap', urges quicker disbursement Earlier on Wednesday, the Financial Times ( FT ) documented that the board had received donations directly into a JPMorgan account, citing the board’s representative. There are no “independent transparency requirements” in place for the JPMorgan account, the FT observed. Senior officer European nations have shunned the board, which is heavy on longstanding US partners in the Middle East, ideological allies of Trump and smaller countries eager for Trump’s attention. France and Britain had refused to join. The board is unambiguously led not just by the US but personally by Trump, who holds the final say and can remain in charge past his presidency. Trump previously stated that the US would contribute $10 billion to the board, while Qatar, Saudi Arabia and the United Arab Emirates each promised at least $1b. Members of the board are required to pay $1b for a permanent spot, according to its charter. A European Union-United Nations assessment published in April estimated that more than $71b will be needed over the next decade for the reconstruction of conflict-ravaged Gaza, where the UN states the humanitarian condition is “critical".
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