The Board of Peace allocates $5 billion for the Gaza Strip - Modern Diplomacy

The Board of Peace, chaired by US President Donald Trump, during its first meeting in the United States and attended by more than 50 heads of state, allocated $5 billion for Gaza. According to media reports, the meeting addressed global peace and security issues and focused particularly on the reconstruction of the Gaza Strip.

The White House used this inaugural gathering to promote the implementation of the second phase of the ceasefire agreement in the Gaza Strip. It also provided for the creation of a transitional administration, the launch of full demilitarization, and the restoration of peace in the region, for which substantial funds needed to be raised.

While the creation of the Board of Peace has sparked several criticisms, some experts still believe that it could certainly, by consensus, complement rebuilding Gaza’s economy and its social infrastructure, signaling the primary purpose for rallying global leaders to ensure peace, security, and development. At the same time, Trump’s initiative towards peace, or at least a ceasefire, between Israel and Palestinian groups could be maintained.

“Trump has repeatedly emphasized that it is impossible to attract investors without security. Nevertheless, the professional experience and personal preferences of the US president dictate priorities for economic development rather than military security. Apparently, Trump assumes that future prosperity in Gaza will somehow create reliable guarantees for long-term social and political stability and, ultimately, for sustainable military security,” reported Nezavisimaya Gazeta.

With regard to the possible effectiveness of the Board of Peace, experts simply say it is too early to make any predictions. But accordingly, the Board of Peace has the capability and ability to become a universal instrument for resolving regional and global conflicts. Established on the sidelines of the World Economic Forum in Davos, the Board of Peace held its first meeting on February 19 at the US Institute of Peace in Washington, DC.