Trump’s ‘Peace Committee’ Stalls: No Funds Received After Four Months, Gaza Reconstruction Falls Behind

ME News reports that, as of May 27 (UTC+8), the "Peace Committee" championed by Trump has received no actual funding four months after its launch, leaving the Gaza reconstruction plan nearly completely stalled. According to the Financial Times, citing sources familiar with the matter, despite member countries having pledged approximately $7 billion in aid and Trump himself stating that the U.S. would contribute an additional $10 billion, the dedicated fund established by the World Bank and endorsed by the United Nations has yet to receive a single dollar. The report notes that Trump’s phased plan for Gaza—including disarming Hamas, Israeli troop withdrawal, and post-war reconstruction—has made no substantive progress. Some U.S. lawmakers have also questioned the committee’s legal status and governance structure, criticizing its financial oversight and organizational nature as "opaque." Meanwhile, approximately $1.2 billion in aid and $50 million in operational funding originally planned by the U.S. State Department have also not been disbursed. Congress has stated it will not approve any funding flows to the committee until a clear financial oversight mechanism is established. Sources indicate that due to the lack of funding, governance framework, and secure environment, local reconstruction projects have been unable to launch. One participant involved bluntly stated: “They know there will be massive needs upon entering Gaza, but they have neither the tools nor the resources.” (Source: BlockBeats)