President Donald Trump is proposing a new multilateral initiative aimed at the reconstruction of Gaza, which has been severely affected by conflict. He plans to hold the first meeting of the 'Board of Peace' with representatives from over two dozen countries, where the focus will be on discussing key issues such as rebuilding Gaza, restoring law and order, and the deployment of an international stabilization force. Currently, a ceasefire is in effect in Gaza, and turning this into a lasting peace agreement is the primary objective of this initiative.

Ahead of the meeting, Trump announced that the member nations have pledged a total of $5 billion for the reconstruction of Gaza. However, estimates suggest that about $70 billion will be needed to fully rebuild the region, indicating that the amount pledged so far represents only a fraction of what is necessary. This discrepancy raises questions about the adequacy of international support for the reconstruction efforts and the challenges that lie ahead.

According to sources, member countries are also expected to announce the deployment of thousands of personnel as part of the stabilization force and law enforcement to maintain peace and order in Gaza. Trump's statements underline the complexity and urgency of the situation, as he calls on world leaders to take decisive actions to support the recovery and stabilization of Gaza post-conflict.