President Trump says peace committee members have pledged more than $5 billion for Gaza

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President Donald Trump announced that peace committee members will commit more than $5 billion to reconstruction and humanitarian efforts in the Gaza Strip at a meeting on February 19.

In a Feb. 15 post on Truth Social, President Trump wrote that member states were also adding thousands of troops to UN-sanctioned stabilization forces and local police in the Palestinian enclaves.

The US president said this week’s rally, the group’s first official meeting, will be held at the Donald J. Trump Institute of Peace, which the State Department recently renamed after the president. Delegations from more than 20 countries, including heads of state, are expected to attend.

The creation of the council was authorized by a UN Security Council resolution as part of the Trump administration’s plan to end the war between Israel and the Palestinian Islamist group Hamas in Gaza.

Israel and Hamas agreed to the plan last year and a ceasefire officially took effect in October, but both sides have repeatedly accused each other of violating the ceasefire. According to the Gaza Ministry of Health, more than 590 Palestinians have been killed by Israeli forces in the Gaza Strip since the start of the ceasefire. During the same period, Israel announced that four of its soldiers were killed by Palestinian militants.

While regional powers such as Turkey, Egypt, Saudi Arabia, Qatar and Israel, as well as emerging economies such as Indonesia, have joined the council, world powers and traditional US allies in the West have become more cautious.

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