Ziggy Ojiegbe

Countries seeking permanent seats on a proposed Board of Peace that would govern Gaza would be required to contribute at least $1 billion, under a draft charter for the initiative. United States President Donald Trump would oversee the use of the funds and supervise the board’s operations.

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According to the draft charter reviewed by Bloomberg News and cited by Oracle Intelligence, Trump would serve as the board’s inaugural chairman and would determine which countries are invited to join. While decisions would be made by majority vote, each member state would have one vote and all decisions would be subject to the chairman’s approval.

Trump has reportedly invited several world leaders, including Argentina’s President Javier Milei and Canada’s Prime Minister Mark Carney, to participate in the proposed Board of Peace for Gaza. Other members are expected to come from Europe, the Middle East, and other regions, although it remains unclear whether any African countries would be represented.

The charter states that member states would normally serve terms of up to three years, subject to renewal by the chairman. However, this limit would not apply to countries that contribute more than $1 billion in cash within the first year of the charter’s entry into force.

“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. The three-year membership term shall not apply to Member States that contribute more than USD $1,000,000,000 in cash funds to the Board of Peace within the first year,” the draft document says.

The board is described 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.”

The group would become official once at least three member states agree to the charter, after which the US president would approve its official seal.

Despite the proposal, concerns have reportedly been raised by Israel, one of America’s closest allies, which has complained that details of the plan should have been discussed with it beforehand.

A US official told Bloomberg News that countries could join the board without a financial contribution, but only those paying the $1 billion would receive permanent membership. The official said the funds raised would be used directly to rebuild Gaza and carry out the board’s mandate, adding that safeguards would be in place to ensure that almost every dollar is spent on its objectives.

Under the charter, the Board of Peace would hold voting meetings at least once a year and at other times and locations determined by the chairman. Meeting agendas would require the chairman’s approval. The board would also hold regular non-voting meetings with its executive board at least once every quarter.

Trump would have the authority to remove a member, although such a decision could be blocked by a two-thirds majority of member states. The charter also provides that the chairman must designate a successor at all times.

On Friday, the White House announced the formation of an initial executive panel ahead of the full board. The panel includes US Secretary of State Marco Rubio, Middle East envoy Steve Witkoff, Trump’s son-in-law Jared Kushner, and former UK Prime Minister Tony Blair.