The Trump administration has told countries that want a permanent spot on the new Gaza Board of Peace (BoP), which will be responsible for rebuilding the Gaza Strip and ensuring Hamas's disarmament, that they must contribute "at least one billion dollars," Bloomberg News reported on Saturday night.
“Each Member State shall serve a term of no more than three years from this Charter’s entry into force, subject to renewal by the Chairman," a drafted charter for the BoP, reportedly seen by Bloomberg, said.
"The three-year membership term shall not apply to Member States that contribute more than $1,000,000,000 in cash funds to the Board of Peace within the first year of the Charter’s entry into force."
According to the Bloomberg report, the charter describes the Board of Peace as “an international organization that seeks to promote stability, restore dependable and lawful governance, and secure enduring peace in areas affected or threatened by conflict," that would only become official once three "Member States" agree to the proposed charter.
White House officials didn’t immediately reply to Bloomberg's request for comment.
White House announces Gaza Board of Peace
The White House announced on Friday that US Secretary of State Marco Rubio, US Special Envoy Steve Witkoff, Jared Kushner, and Tony Blair will be among the founding members of the new BoP.
Leaders from more than 60 countries have been invited to serve on the Peace Board.
"It appears that Trump is building an organization here that will deal not only with Gaza, perhaps 'a kind of Mini-UN'," Western diplomats told The Jerusalem Post.
Reports by Canadian media claimed that Canada's Prime Minister Mark Carney was invited to join the board and accepted the invitation.
Turkish authorities announced that Turkish President Recep Tayyip Erdogan was also among the possible new members of the BoP.
The Egyptian Foreign Ministry issued a response to Trump's announcement on the BoP and Egypt's role in the Gaza Executive Board, saying in a press conference that the government is examining the invitation for Egyptian President Abdel Fattah El-Sisi to join the board.
Argentine President Javier Milei announced that he had been invited by Trump to serve on the BoP and issued a statement accepting the invitation and thanking the US president.
Tobias Holcman contributed to this report.