Overview
- Reporting shows the World Bank‑administered fund set up for the Board of Peace has not received donor deposits and some pledged money appears routed to a JPMorgan account under the board’s control.
- The board publicly secured headline pledges in the low tens of billions, including an announced $10 billion U.S. commitment and $1 billion membership asks, but those promises have not translated into cleared transfers to the World Bank mechanism.
- Some country contributions have been recorded outside the trust: Morocco provided about $20 million used for the board’s senior office and Palestinian technocrat salaries, and the UAE pledged roughly $100 million for police training that sources say remains frozen.
- The U.S. State Department is seeking to redirect roughly $1.2 billion of aid toward board‑linked projects and a proposal to send about $50 million for operations is pending as congressional officials press for clarity on the board’s legal status and financial oversight.
- The board has issued tenders but awarded no contracts, saying it cannot begin work inside Gaza until Hamas disarms, a stall that leaves large reconstruction needs unmet and delays aid reaching civilians who need housing, services, and local administration.