US President Donald Trump announced that members of his “Board of Peace” have pledged over $5 billion for Gaza reconstruction and humanitarian aid. The commitments also include thousands of personnel for a UN-authorized stabilization force. The pledges will be formally unveiled at a Washington meeting on Thursday.
The inaugural Board of Peace meeting will include delegations from more than 20 countries, including heads of state. Reconstruction of Gaza is estimated to cost $70 billion after more than two years of war, according to the UN, World Bank, and EU. The international stabilization force is part of a US-brokered October 10 ceasefire plan.
Read more: Board of Peace members have pledged $5bn, thousands of troops
Trump emphasized that Hamas must fully disarm under the postwar plan, a key condition for Gaza’s second-phase recovery. Israeli forces are expected to gradually withdraw while the international force ensures security. The plan aims to enforce peace, rebuild infrastructure, and prevent further violence.
Indonesia became the first country to publicly commit troops, expecting up to 8,000 personnel for a potential peace and humanitarian mission by late June. No other countries have confirmed troop numbers, but the board’s members pledged broad support for stabilization. The president described the Board of Peace as “the most consequential international body in history.”
Read more: Israel joins Trump’s Board of Peace, signs onto Gaza
Violations of the ceasefire continue, with Gaza Health Ministry reporting over 590 Palestinian deaths since the truce began, while Israel reported four soldier fatalities. Despite tensions, the reconstruction funding signals a major international effort to support Gaza’s recovery and stability.