The 'Board of Peace' is a newly established U.S. initiative aimed at executing a comprehensive 20-point plan to achieve peace in Gaza, originally put forth by President Trump. This board represents a critical component of the larger strategy intended to rebuild the region following significant destruction, with financial estimates for reconstruction reaching around $70 billion as per United Nations assessments. The board's inaugural meeting happened at the United States Institute of Peace, an institution recently renamed to honor the current U.S. president.

The primary mandate of the Board of Peace includes securing funds necessary for the reconstruction of the Gaza Strip, managing these funds, and overseeing the region's security, potentially involving the deployment of an international contingent. The initiative received formal approval from the United Nations Security Council through resolution 2803, which underscores the international backing for the peace efforts in the region. Notably, the operational framework requires member nations to contribute significantly, with a permanent membership fee set at $1 billion to support the board's activities.

While the establishment of the Board of Peace signals a concerted effort by the U.S. to address long-standing issues in Gaza, the timeline for the commencement of its operations remains uncertain. This development highlights not only the U.S. commitment to facilitating peace but also the complexities involved in international diplomacy and reconstruction in areas affected by prolonged conflict. The ongoing geopolitical dynamics will likely influence how effectively the board can achieve its objectives and foster a sustainable peace in Gaza.