U.S. President Donald Trump has announced a proposal for a new international organization called the 'Board of Peace,' intended to oversee governance, regional relations, and reconstruction efforts in Gaza following the recent conflict with Israel. According to a draft charter obtained by Bloomberg, countries seeking permanent membership in the board would be required to contribute a minimum of $1 billion, with Trump serving as the inaugural chairman.

The board's decisions would be made by majority vote, with each member state receiving one vote, although all decisions would ultimately require the chairman's approval. Member states would serve a term of no more than three years, subject to renewal by the chairman, although this term limit would not apply to those contributing over $1 billion within the first year of the charter's implementation.

Critics have expressed skepticism about the initiative, viewing it as a potential rival to the United Nations, which Trump has frequently criticized. The charter outlines goals of promoting stability and restoring governance in conflict-affected areas, yet concerns have been raised regarding the implications for international relations. Critics argue that the financial requirements may pressure countries to contribute without guaranteeing influence over the board's decisions.

The proposal has drawn particular scrutiny from European nations, which perceive it as reflecting Trump's business-oriented approach that prioritizes personal gain and loyalty over collaborative international efforts. This model has been evident in previous initiatives, such as the 'Trump Gold Card' investment visa program, which imposes high fees on foreign applicants.

The board's initial focus on Gaza has led to the inclusion of notable figures such as former UK Prime Minister Tony Blair and Trump's son-in-law Jared Kushner among its founding members. However, the absence of Palestinian representation has drawn criticism, and Israeli Prime Minister Benjamin Netanyahu has expressed opposition to the board's composition, indicating that it was not coordinated with Israel. The Trump administration has clarified that while there is no minimum fee for joining the board, the $1 billion contribution is required for permanent membership, which the White House describes as a means to ensure commitment to peace and security.