What’s Behind $1 Billion Peace Board Proposal?
White House calls it misleading amid Greenland tariff tensions.
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(Bloomberg) -- The Trump administration is asking countries that want a permanent spot on his new Board of Peace to contribute at least $1 billion.
According to a draft charter for the proposed group seen by Bloomberg, President Donald Trump would serve as its inaugural chairman and would decide on who is invited to be members. Decisions would be taken by a majority, with each member state present getting one vote, but all would be subject to the chairman’s approval.
“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 of the Charter’s entry into force,” the draft says.
Critics are worried that Trump is trying to build an alternative, or rival, to the United Nations, which he has long criticized.
The board is described in the charter 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.” It would become official once three member states agree to the charter.
Trump would also be responsible for approving the group’s official seal, the document says.
Trump has invited a number of world leaders, including Argentina’s Javier Milei and Canada’s Mark Carney, to be part of a Board of Peace for Gaza, which would be formed under the broader umbrella of his new Board of Peace.
That plan attracted swift criticism from Israeli Prime Minister Benjamin Netanyahu, who said the details hadn’t been coordinated with his country.
Several European nations have been invited to join the peace board, according to people familiar with the matter. The draft appears to suggest Trump himself would control the money, something that would be considered unacceptable to most countries who could have potentially joined the board, said the people, who spoke on condition of anonymity to discuss private matters.
Several nations strongly oppose the draft of Trump’s charter and are working on collectively pushing back against the proposals, the people added.
A US official confirmed to Bloomberg News that while members would be able to join for free, the $1 billion fee would grant permanent membership. The money raised will be used directly to accomplish the Board of Peace’s mandate to rebuild Gaza, said the official who spoke on condition of anonymity. The board will ensure almost every dollar raised is used to execute its mandate, the official added.
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