Trump wants nations to pay $1 billion for permanent Board of Peace seats

The Trump administration wants nations to pay $1 billion to remain on the Board of Peace, Bloomberg first reported on Saturday night, citing a draft charter for the proposed group.

The Board of Peace is an international body that was endorsed by the United Nations Security Council in November 2025. The board was established to oversee the Israel-Hamas ceasefire.

U.S. President Donald Trump is expected to serve as the group's inaugural chairman, and he will choose which members to invite, according to the draft seen by Bloomberg. While a majority vote would make decisions, the chairman would have final approval.

Member states would serve a three-year term on the board, but could secure a permanent seat by paying $1 billion cash within the first year of the charter's start, according to the draft.

A U.S. official told CNBC there is no cost to join the Board of Peace, but the $1 billion contribution would secure permanent membership. The group's mandate is to "rebuild all of Gaza," and "virtually every dollar" raised would be spent on that mandate. The group will operate without "exorbitant salaries and massive administrative bloat," the official said.

It's unclear where the funds collected from Board of Peace members would be held.

Trump has invited a number of world leaders, including Canadian Prime Minister Mark Carney and Argentine President Javier Milei, to join the Board of Peace for Gaza, which will be part of the larger Board of Peace, Bloomberg reported Saturday.

Several other nations, including Hungary, India, Jordan, Greece, Cyprus and Pakistan confirmed Board of Peace invitations, AP News reported on Sunday.

Turkey, Egypt, Paraguay and Albania had previously been invited. The full list could be announced by the U.S. in the coming days, the Associated Press reported.

Under Trump's leadership, the group has also created a founding executive board to "oversee a defined portfolio critical to Gaza's stabilization and long-term success," the White House said in a statement on Friday. 

Executive board appointees include U.S. Secretary of State Marco Rubio, U.S. special envoy Steve Witkoff, Trump's son-in-law Jared Kushner, former United Kingdom Prime Minister Tony Blair, Apollo Global Management CEO Marc Rowan, World Bank President Ajay Banga, and U.S. deputy national security advisor Robert Gabriel.