World Bank Gaza Peace Fund Remains Empty After $7B Pledges

Four months after its establishment, the official World Bank-administered fund for the Board of Peace, an international body created by U.S. President Donald Trump to oversee postwar Gaza, has received no donor deposits despite billions in international pledges, according to sources familiar with the matter.

The Financial Times reported on Wednesday that the fund, which was endorsed by the United Nations, remains empty. One source directly stated that zero dollars have been deposited. Instead, donations have been directed into a separate JPMorgan account controlled by the board, which lacks the independent transparency and reporting requirements associated with the World Bank fund. A board official said contributors were offered multiple options for payment and have so far chosen other avenues, adding that the organization will report its finances to its own executive board at an appropriate time.

Member states had initially pledged approximately $7 billion toward a Gaza relief package, while President Trump previously promised an additional $10 billion in U.S. support. However, the flow of these pledged funds has stalled. Only two specific contributions have been confirmed:...