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Trump's "Peace Board" including Albania, without funding/ Financial Times: Zero dollars disbursed, out of the 17 billion promised

2026-05-27 12:31:03Aktualitet SHKRUAR NGA REDAKSIA VOX
Trump's "Peace Board" including Albania, without funding/
Peace Board

The board has received donations, but they have been deposited directly through its JPMorgan account, according to the board's spokesperson.

The fund set up by the World Bank for Donald Trump's Peace Board has not received any funding, despite pledges totaling $17 billion from the US and other world leaders, the Financial Times reported on Wednesday, citing four sources familiar with the matter.

"Zero dollars have been deposited," said one of the sources.

The board has received donations, but they have been deposited directly through its JPMorgan account, according to the board's spokesperson.

“Several options were developed to obtain funding,” a Peace Board official told the Financial Times. “At this stage, contributors have chosen to use other options.”

The JPMorgan account is not required to report its financial status to contributors and board members, unlike the World Bank, the Financial Times wrote.

The Peace Board will report finances in a timely manner.

The Peace Board has pledged to report finances to its executive board "at a time deemed appropriate," the official said.

Morocco has contributed about $20 million, which has helped fund the office of Nickolay Mladenov, the post-war “high representative” for Gaza, as well as the salaries of the Palestinian technocratic committee created by the board to govern Gaza, the Financial Times reported.

The United Arab Emirates has also provided $100 million for training a new police force for Gaza, but the funds are frozen and the program has not yet started, according to two people familiar with the matter, cited by the Financial Times.

The US State Department has committed to reallocating about $1.2 billion in aid funds to projects on the board's agenda, but these funds have not yet been spent.

“None of this money is being managed by the Peace Board, and the State Department tells us there is no intention for any of these funds to be managed by the Peace Board,” a senior congressional aide told the Financial Times.

The State Department wants to give about $50 million directly to the board, but the funds have not yet been disbursed. Officials have assured Congress that the board will not be able to use these funds without first setting up the necessary systems to receive US funds, a congressional aide told the Financial Times.

The State Department said it “supports the president’s vision” and “continues to assess how existing authorities, programs, and interagency coordination can best support these objectives,” the Financial Times wrote.

The board's spokesperson said that, although the Peace Board has initiated tender procedures for security and reconstruction works, no contract has yet been awarded.

“A big part of this is related to the fact that we are not yet operating in Gaza,” the spokesman told the Financial Times, adding that Hamas has not yet disarmed.

Trump initially presented a multi-phase plan that envisioned the disarmament of Hamas, the withdrawal of Israeli forces, and the reconstruction of Gaza.

However, no progress has been made on any of these objectives, the Financial Times wrote, adding that two people familiar with planning for Gaza said that “not a single US dollar” has been used for Gaza’s reconstruction.

Funds processing systems are lacking

Dr. Bishara Bahbah, a prominent Palestinian-American academic who helped negotiate with Hamas for the Trump administration, said the committee has not yet begun work inside Gaza due to “the lack of any funding that would enable them to implement anything on the ground.”

“They know that if they go to Gaza, people will flock to them asking for help and they don’t have the means, they don’t have the opportunity,” Bahbah told the Financial Times.

The board's spokesperson said that there is no system yet in place "to manage the flow of services and goods envisaged as part of the plan."

"It's not like we're keeping money piled up in a bank account and then awarding contracts for things that can't be done," the spokesman said, the Financial Times article concludes.

Albania part of the Peace Board

Albania is among the countries supporting the Peace Board, the initiative promoted by the Trump administration for the administration and reconstruction of Gaza after the war.

The Albanian Parliament approved in January 2026 the agreement for Albania's admission to the Peace Board, an initiative promoted by US President Donald Trump for the administration and reconstruction of Gaza after the war. The agreement was approved with 113 votes in favor, one abstention and no votes against.

According to the document approved by the Parliament, Albania will have the status of a founding member in the organization, which gives it a role in the decision-making structure of the Peace Board and in shaping its policies. The document describes the board as an international organization with the mission of promoting stability, restoring legitimate governance and ensuring peace in territories affected by conflicts.

The Albanian government argued that participation in the board strengthens the country's diplomatic profile and strategic partnership with the U.S. The agreement provides for three-year terms for member states, with the possibility of renewal.

In February 2026, Albania also participated in the first meeting of the Peace Board in Washington, where discussions focused on the interim governance of Gaza and plans for post-war reconstruction.

However, no direct financial commitment from Albania to the Peace Board fund has been made public so far. The Financial Times report shows that even the official fund set up by the World Bank has not yet received any money, despite pledges amounting to $17 billion.

Albania's participation is seen mainly in the diplomatic and political plan, within the framework of its positioning near Western allies and support for US international initiatives in the Middle East.

What is the Peace Board?

The Peace Board is an international structure promoted by Donald Trump to oversee the peace and reconstruction plan for Gaza. According to Time reports in February, about 25 to 27 countries have agreed to join or participate in this initiative, including Albania.

However, the initiative has not received full support from major Western powers. According to Time, countries such as the UK, France, Germany and Canada have refused to join the board, while the EU and some European countries have participated only as observers.


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