Four months after President Trump launched his high-profile "Board of Peace" to oversee Gaza’s reconstruction, the official World Bank fund intended for the project currently contains zero dollars.
While international donors like Saudi Arabia and the UAE pledged up to $17 billion, sources indicate that no actual cash has been deposited into the transparent, monitored account. Investigative reports suggest some funds are instead being routed into a private JPMorgan account that lacks standard international transparency and oversight requirements. This funding shortfall has left reconstruction projects in a state of legal limbo, leading the administration to consider controversial alternatives like seizing Palestinian tax revenue to pay for the work.
The Board of Peace is expected to address these reports this week as critics continue to question the viability of the US-led governing body.
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