$5 Billion Pledged for Gaza at Inaugural Peace Summit

Feb 16, 2026

78 min

Feb 16, 2026 00:30

$5 billion pledged for Gaza, first-ever Board of Peace summit set

## Historic Pledge for Gaza

At the first-ever Board of Peace summit, $5 billion has been pledged to aid in the reconstruction of Gaza. This announcement was made by President Donald Trump, who is leading the newly established board. The funds are intended to support rebuilding efforts in the war-torn region and will be formally announced at a meeting in Washington.

## International Stabilization Efforts

The initiative also includes plans for an international stabilization force to maintain security and facilitate the disarmament of Hamas, a key condition set by Israel. Indonesia has already committed up to 8,000 troops for potential deployment as part of this mission.

## Challenges Ahead

Rebuilding Gaza is projected to cost $70 billion, according to estimates by the United Nations, World Bank, and European Union. The region has suffered extensive damage from over two years of conflict. Despite the ceasefire, tensions remain high, with ongoing Israeli airstrikes.

## Broader Ambitions

The Board of Peace, initially focused on the Israel-Hamas conflict, now aims to address global crises. This move is seen as an attempt by the US to establish a new international order, potentially challenging the role of the United Nations. However, many traditional US allies have opted not to join the board, wary of its intentions.

## Upcoming Meeting

The first meeting of the Board of Peace is scheduled to take place at the US Institute of Peace, recently renamed in honor of Trump. The event will gather members to discuss the pledges and future actions, although it is unclear how many will attend.

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