Trump's Gaza Board Faces $17B Funding Shortfall

U.S. President Donald Trump's Board of Peace initiative for Gaza's reconstruction has encountered a severe funding shortfall, receiving less than 1 billion dollars of the 17 billion pledged by international donors, sources familiar with the matter said. The crisis, centered in Jerusalem and Cairo, has halted efforts to transition governance in the war-torn Palestinian enclave and rebuild infrastructure devastated by prolonged conflict.

The pledges originated from a conference in Washington hosted by Trump about 10 days before U.S. and Israeli military actions against Iran escalated regional tensions into full-scale war. Ten countries, including Gulf Arab states such as Saudi Arabia, Qatar, and the United Arab Emirates, along with Israel, Egypt, Turkey, and Morocco, committed funds to support postwar governance and reconstruction following the disarmament of Hamas militants and the withdrawal of Israeli forces from Gaza. However, only the United Arab Emirates, Morocco, and the United States have transferred money to the board, according to individuals with direct knowledge of its operations.

The ongoing conflict with Iran has disrupted funding flows and intensified existing...