Trump Pledges $10 Billion to ‘Board of Peace’ in First Meeting
President Trump announced a $10 billion transfer of taxpayer funds to his newly created “Board of Peace” during its inaugural meeting in Washington, D.C. on February 19, 2026. The board, which Trump controls as chairman without term limits or government oversight, includes nations with documented human rights abuses and corruption records such as Israel, El Salvador, Turkey, Argentina, the United Arab Emirates, Hungary, and Saudi Arabia. Member states pay $1 billion each to join, with an additional $7 billion contributed by participating nations, though Congress has not authorized the U.S. spending and Trump provided no specification of where the $10 billion would originate.
Trump framed the board as overseeing implementation of a Gaza peace plan, but has previously stated his intention to redevelop Gaza as a “Trump Riviera” tourism destination. Jared Kushner, Trump’s son-in-law who holds no official government position, presented plans to reshape the war-torn region into a coastal investment opportunity. Kushner denied that individuals were personally profiting from the arrangement, yet the board’s structure grants Trump unilateral financial control without U.S. government oversight or restrictions, enabling him to access organizational funds beyond constitutional accountability mechanisms.
Major U.S. allies and Western democracies rejected participation in Trump’s coalition. The Vatican, United Kingdom, France, Germany, Italy, New Zealand, Norway, Poland, and Ukraine all declined invitations, reflecting their assessment of the board as a mechanism for Trump to establish a controlled international alliance independent of established multilateral institutions. Putin received an invitation despite actively waging war against Ukraine, demonstrating Trump’s prioritization of personal relationships with authoritarian figures over democratic alignment.
At the Thursday gathering, Trump repeatedly appeared to fall asleep during speakers’ remarks, occurring throughout the more than two-hour meeting as foreign leaders addressed him. The event featured sycophantic praise from participating nations, including Egypt’s prime minister addressing Trump as “excellency,” a breach of protocol for U.S. presidents who historically reject monarchical titles. Kazakhstan’s autocratic President Kassym-Jomart Tokayev proposed establishing a “President Trump award” to recognize Trump’s “outstanding efforts and achievements,” and FIFA President Gianni Infantino attended without clear justification.
Trump also used the event to announce he would decide on military action against Iran within ten days, despite claiming last year that a previous strike “obliterated” Iranian nuclear facilities. The announcement of potential renewed warfare contradicted the purported peace mission of the gathering. Trump characterized the $10 billion pledge as “a very small number” compared to war costs, equating it to two weeks of military spending, while maintaining that no congressional authorization for the expenditure existed.