Trump’s Gaza reconstruction fund sits empty despite multi-billion pledges

Four months after its launch, the Gaza reconstruction fund of Trump’s Board of Peace has received no donor money despite pledges totaling billions; officials say funds haven’t been deposited because the reconstruction phase has not begun, with some donations reportedly landed in a JPMorgan account that lacks independent transparency. The board, led by Trump, faces limited European participation as the conflict continues and a UN/EU estimate suggests roughly $71 billion is needed over the next decade.