What's Happening?
President Trump has initiated a 'Board of Peace' aimed at overseeing developments in Gaza, inviting several countries to join. Membership on this board requires a $1 billion contribution for a permanent
seat, while a three-year term requires no financial commitment. The funds are intended for Gaza's reconstruction. Countries like Hungary, India, Jordan, Greece, Cyprus, and Pakistan have received invitations, with Hungary's Prime Minister Viktor Orbán already accepting. The board's creation is part of a broader strategy to manage Gaza's post-ceasefire phase, including disarmament of Hamas and international security deployment. The initiative could rival the United Nations Security Council, which has faced U.S. vetoes on Gaza-related actions.
Why It's Important?
The establishment of the 'Board of Peace' reflects a significant shift in U.S. foreign policy under President Trump, potentially altering the dynamics of international conflict resolution. By creating a new platform for global leaders to address the Gaza situation, the U.S. is positioning itself as a central figure in Middle Eastern peace efforts. This move could challenge the authority of the United Nations Security Council, especially given the U.S.'s recent funding cuts to the U.N. The board's success or failure could have lasting implications for international diplomacy and the geopolitical landscape in the Middle East.
What's Next?
The U.S. is expected to announce the official list of board members during the World Economic Forum in Davos. The board will oversee the next steps in Gaza, including the formation of a new Palestinian committee and the disarmament of Hamas. However, Israel has expressed concerns over the board's executive committee, indicating potential diplomatic tensions. The board's effectiveness in managing Gaza's reconstruction and security will be closely watched by the international community, with potential impacts on U.S.-Israel relations and broader Middle Eastern politics.
