Trump's "Peace Council" fund is empty despite billions promised for Gaza reconstruction

Informed sources revealed that the "Peace Council" established by US President Donald Trump to oversee the reconstruction of the Gaza Strip is facing a severe funding crisis, as its special fund remains completely empty. Despite massive financial promises estimated at billions of dollars, the fund managed by the World Bank has not received any actual amounts to date.

This council was established last January as part of the American initiative that led to the ceasefire agreement between the Israeli occupation authorities and Hamas. The primary goal of its establishment was to take over the tasks of overseeing the cessation of fighting and initiating reconstruction operations in the devastated sector due to the war.

The council's ambitions later evolved to include intervention in various international conflicts, which raised a series of concerns among global diplomatic circles. Observers believe that this expansion could transform the council into a parallel entity to the United Nations, thereby weakening the role of traditional international institutions in conflict resolution.

Sources explained that the absence of funding in the World Bank fund is due to not reaching the reconstruction and development phase stipulated in the ceasefire agreement. The international community and donors are conditioning the payment of funds on achieving real field stability and initiating actual steps towards construction, which has not yet happened.

On the ground, military operations are still ongoing in the Gaza Strip despite the announcement of a ceasefire, with Ministry of Health data indicating hundreds of martyrs since the agreement. Reports confirm that the pace of violence has not completely stopped, which hinders any international efforts to begin restoring the dilapidated infrastructure.

The Israeli occupation forces impose their control over more than 60 percent of the sector's area, including all land crossings and entry and exit points. This tight siege confines residents to narrow coastal areas, making the process of bringing in building materials and equipment necessary for reconstruction almost impossible at present.

In a related context, international press reports indicated that the council, personally headed by Trump, relies on alternative funding channels away from usual international oversight. Some funds have been directed to special accounts at "J.P. Morgan" bank, which raises questions about the transparency standards followed in managing these resources.

For its part, the Peace Council defended its position via social media platforms, considering that the World Bank fund is merely one of multiple funding mechanisms. The council affirmed that it receives support through other channels whose nature it did not specify, noting that donors have not yet used the official fund pending political developments.

On the diplomatic front, major European powers, led by France and Britain, distanced themselves from joining this controversial council. The council's composition is currently limited to Washington's traditional allies in the region and some countries seeking to strengthen their relations with the Trump administration through financial commitment.

Trump had pledged a US contribution of ten billion dollars, while Arab countries made promises of additional billions to support stabilization efforts. Under the council's internal charter, obtaining a permanent seat requires paying a hefty financial fee, which reflects the commercial and political nature that dominates this initiative.

Not a single dollar has been deposited into the fund designated for the reconstruction and development phase, which has not yet been reached.