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Trump's Gaza Board Reports Funding 'Gap', Urges Quicker Disbursement
The board said $17 billion in pledges must be disbursed quickly to avoid a cash crunch for Gaza reconstruction estimated at more than $70 billion.
- On Tuesday, the Board of Peace warned the United Nations Security Council that the gap between pledged and disbursed funds for Gaza reconstruction must be closed "with urgency."
- President Donald Trump established the Board of Peace to oversee the estimated $70 billion reconstruction of Gaza, though recent reports indicate a cash crunch is stalling the plan.
- The Board reported that 85% of Gaza's infrastructure has been destroyed, requiring clearance of 70 million tons of rubble, while only a fraction of the $17 billion pledged has been received.
- Many nations remain hesitant to fund the initiative due to transparency concerns, though the Board rejected claims of funding constraints, stating it is an "execution-focused organisation that calls capital as needed."
- Nickolay Mladenov, the Board's envoy for Gaza, is expected to brief the Security Council on May 21 as the committee urges member states to "accelerate disbursement processes.
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Trump's Board of Peace to UN: Promised funding for Gaza rebuild not transferred
In a report submitted to the UN Security Council, the Board of Peace noted it is awaiting a significant portion of $17 billion promised by the U.S. and Gulf states for the reconstruction of the Gaza Strip
·Tel Aviv-Yafo, Israel
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Gaza Board of Peace Reports Funding 'Gap', Urges Quicker Disbursement
·Washington, United States
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The Peace Council set up by Donald Trump for the reconstruction of the Gaza Strip urgently called for the acceleration of the payments promised by the Member States, warning of a possible liquidity deficit in an estimated plan of over $70 billion, according to a report consulted by Reuters.
·Romania
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Total News Sources17
Leaning Left3Leaning Right7Center4Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 21%
C 29%
R 50%
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