Trump convenes Board of Peace inaugural meeting and pledges $10B

President Trump hosted the inaugural meeting of his newly created Board of Peace at the U.S. Institute of Peace headquarters in Washington, D.C. on February 19, 2026, with representatives from more than 40 countries in attendance. Trump announced a $10 billion U.S. commitment to Gaza reconstruction, while partner nations pledged an additional $7 billion, bringing total announced pledges to $17 billion. Key U.S. allies including France, Germany, the UK, and Ukraine declined to participate, citing concerns that the structure was designed to sideline the United Nations.