US Pledges $5 Billion in Aid for Gaza Reconstruction via Newly Formed Peace Board

Kathmandu. US President Donald Trump has committed $5 billion in aid through the newly formed Peace Board for humanitarian and reconstruction assistance for Gaza.

Trump announced via social media that he will join the members of the Peace Board on February 19, 2026, where member nations will pledge support for humanitarian efforts and the reconstruction of Gaza.

He also clarified that thousands of personnel have been deployed to the International Stabilization Force (ISF) and local police to maintain security in Gaza. The upcoming meeting is expected to reflect the first official endorsement of the Peace Board, with US President Trump noting that this initiative is a decisive point for the future of Gaza.

The New York Times previously reported that the US had pledged over $1 billion for projects related to establishing peace in Gaza.

A White House official indicated that further pledges are expected in the coming days, stating that Trump's 20-point peace plan, announced last September, will pave the way for a ceasefire, and the Peace Board will manage the funds.

According to sources, a large portion of the financial pledges is earmarked for humanitarian projects in Gaza as well as support for the ISF.

The Peace Board, launched by President Donald Trump on January-22, currently includes more than 20 countries, and the board's establishment charter was signed at a ceremony during the World Economic Forum in Davos, Switzerland.