Trump convenes inaugural Board of Peace, pledges $10 billion and oversees international commitments
February 19, 2026 | Department of State, Executive, Federal
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President Donald J. Trump convened the inaugural Board of Peace at the United States Institute of Peace, announcing that the United States will contribute $10,000,000,000 to a new international reconstruction and stabilization effort for Gaza and presiding over multinational pledges and security commitments.
The board, which Trump described as "a board of action, not a board of endless talk," gathered leaders and envoys from more than 50 countries and international organizations. "It's called the Board of Peace, and it's all about an easy word to say, but a hard word to produce, peace," Trump said in his opening remarks.
Why it matters: Participants framed the gathering as the transition from wartime emergency relief to a coordinated reconstruction and governance effort. Officials said the board will oversee funding, ensure transparency and help establish a new technocratic Palestinian authority to manage Gaza during the transition.
Senior U.S. officials and envoys briefed the meeting on recent humanitarian and diplomatic developments. Vice President JD Vance praised the administration's diplomacy as life-saving and economically beneficial for the United States. Secretary of State Marco Rubio described the board as an organizational model intended to implement a "20 points" plan for Gaza.
A resolution establishing principles of financial integrity and transparency for the board was reported as passed unanimously by members and was signed on stage; participating delegations joined the president for the pledge-signing. Emcees at the event said total pledges announced by multiple countries exceeded $6.5 billion at the time of the signing.
Direct quotes
"The United States is going to make a contribution of $10,000,000,000 to the Board of Peace," Trump said as he described U.S. financial support for reconstruction.
"This is a board of action, not a board of endless talk or speeches," Secretary Rubio said, summarizing the administration's intent to move to implementation.
What comes next: Organizers said the board will coordinate funding through a Gaza Reconstruction and Development Fund housed at the World Bank and work with a newly formed National Committee for the Administration of Gaza (NCAG). They described immediate priorities—security, humanitarian assistance and debris clearance—and said further details of project governance, budgeting and oversight will follow.
The meeting concluded with the president thanking participants and the press and gaveling the inaugural session out.
The board, which Trump described as "a board of action, not a board of endless talk," gathered leaders and envoys from more than 50 countries and international organizations. "It's called the Board of Peace, and it's all about an easy word to say, but a hard word to produce, peace," Trump said in his opening remarks.
Why it matters: Participants framed the gathering as the transition from wartime emergency relief to a coordinated reconstruction and governance effort. Officials said the board will oversee funding, ensure transparency and help establish a new technocratic Palestinian authority to manage Gaza during the transition.
Senior U.S. officials and envoys briefed the meeting on recent humanitarian and diplomatic developments. Vice President JD Vance praised the administration's diplomacy as life-saving and economically beneficial for the United States. Secretary of State Marco Rubio described the board as an organizational model intended to implement a "20 points" plan for Gaza.
A resolution establishing principles of financial integrity and transparency for the board was reported as passed unanimously by members and was signed on stage; participating delegations joined the president for the pledge-signing. Emcees at the event said total pledges announced by multiple countries exceeded $6.5 billion at the time of the signing.
Direct quotes
"The United States is going to make a contribution of $10,000,000,000 to the Board of Peace," Trump said as he described U.S. financial support for reconstruction.
"This is a board of action, not a board of endless talk or speeches," Secretary Rubio said, summarizing the administration's intent to move to implementation.
What comes next: Organizers said the board will coordinate funding through a Gaza Reconstruction and Development Fund housed at the World Bank and work with a newly formed National Committee for the Administration of Gaza (NCAG). They described immediate priorities—security, humanitarian assistance and debris clearance—and said further details of project governance, budgeting and oversight will follow.
The meeting concluded with the president thanking participants and the press and gaveling the inaugural session out.
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