President Trump has set a hefty price of $1 billion for countries seeking permanent membership in his newly created ‘Board of Peace.’ This initiative, unveiled on Friday, is touted by Trump as a critical component in executing his 20-point Comprehensive Plan to End the Gaza Conflict.

In a statement on Truth Social, Trump expressed his confidence in the organization, promising, “The Members of the Board will be announced shortly, but I can say with certainty that it is the Greatest and Most Prestigious Board ever assembled at any time, any place.”

Observers have voiced concerns that the Board of Peace might be intended as a replacement for the United Nations. This speculation comes as details about the structure and requirements for the Board begin to surface.

According to Bloomberg, a draft charter for the Board of Peace specifies that member states would initially serve three-year terms. However, those willing to contribute $1 billion within the first year would secure permanent membership.

While there is no obligation to pay the $1 billion fee, a U.S. official clarified to the Daily Mail that doing so would elevate a member’s status from a temporary to a perpetual one on the Board.

A US official confirmed to the Daily Mail that there is no requirement to contribute the funds, but those who do are granted permanent membership rather than a three-year term. 

The money raised by the board is intended to fund the administration’s efforts to rebuild Gaza, officials said. 

The Board of Peace was described in the charter as, ‘an international organization that seeks to promote stability, restore dependable and lawful governance, and secure enduring peace in areas affected or threatened by conflict.’

Trump says he will serve as chairman of the board, and as such he would control the money. Sources familiar with the board told Bloomberg that several nations have strongly opposed the draft. 

Donald Trump, pictured above on Friday, has asked nations to contribute $1 billion for permanent membership to his newly established Board of Peace 

Under the BOP, a separate board will oversee the rebuilding of the Gaza Strip, pictured above last week 

The Israeli prime minister’s office said the BOP’s Gaza Executive Board was ‘at odds with Israeli policy.’ An Egyptian official on the board previously compared Israeli Prime Minister Benjamin Netanyahu, pictured above, to Adolf Hitler 

The BOP resembles the mission of the United Nations, with critics reportedly concerned that Trump is attempting to replace the organization with his own. 

Even though the mission began as a means to end the war in Gaza, letters sent to world leaders suggested the board would take a broader approach to resolving international conflicts. 

‘This is a US shortcut in an attempt to wield its veto power on world affairs,’ Daniel Forti, head of UN affairs at the International Crisis Group, told the Associated Press. 

A US official clarified to AP that the BOP wasn’t intended to replace the UN, but suggested it could motivate international leaders to act. 

However, two diplomats told Reuters that the letter sent to international leaders called the BOP a ‘bold approach to resolving Global Conflict.’ 

‘It’s a “Trump United Nations” that ignores the fundamentals of the UN charter,’ one diplomat described the BOP to Reuters. 

The Board of Peace for Gaza would operate under the BOP. As chairman, Trump would also have the power to choose who would be invited to the board, the group’s official seal, and would have final approval over all voting matters, according to the draft charter. 

The BOP would be responsible for broader peace relations, while the Gaza Executive Board is specifically tasked with rebuilding the Gaza Strip. 

The BOP was announced as the second phase of Trump’s plan to rebuild Gaza. Pictured above is destruction in the city on Thursday 

Secretary of State Marco Rubio, pictured above in September, will serve on the BOP Executive Board and the Gaza Executive Board

Several US officials including White House Advisor Jared Kushner and United States Special Envoy to the Middle East Steve Witkoff will also serve on both boards

Billionaire Mark Rowan, Sir Tony Blair, President of the World Bank Group Ajay Banga, and former member of the European Parliament were also named to the Gaza Executive Board Nickolay Mladenov 

Trump would also reportedly have the power to remove members and approve the agendas. 

The charter states that the BOP would meet once a year for voting meetings and at least quarterly for non-voting meetings. 

In addition, as the board’s chairman, Trump would have the power to choose his successor.  

Sources told Bloomberg that several European nations have been invited to join the BOP. 

Argentinian President Javier Milei and Canadian Prime Minister Mark Carney have reportedly been asked to join the BOP for Gaza.

Trump has already appointed several members to the BOP’s Executive Board, including Secretary of State Marco Rubio, United States Special Envoy to the Middle East Steve Witkoff, Deputy National Security Advisor Robert Gabriel and White House advisor Jared Kushner. 

Sir Tony Blair, billionaire businessman Marc Rowan, and President of the World Bank Group Ajay Banga were also named as Executive Board members.

The president also announced additional members of the Gaza Executive Board. In addition to the members of the BOP, Turkish politician Minister Hakan Fidan, senior Qatari official Ali Al-Thawadi, Egyptian intelligence leader General Hassan Rashad, United Arab Emirates Minister Reem Al-Hashimy and former member of the European Parliament Nickolay Mladenov.

Mladenov is expected to liaise between the board and the Palestinian-run National Committee for Administration of Gaza (NCAG). 

United Arab Emirates Minister Reem Al-Hashimy (middle) will also serve on the Gaza Executive Board alongside Rubio (right). The two are pictured above with US Ambassador to the United Arab Emirates Martina A. Strong 

Ali Shaath is serving as the general commissioner of the Palestinian-run National Committee for Administration of Gaza, which will work with the BOP and Trump to rebuild the region. He’s pictured above at a meeting on Friday 

Ali Shaath, the general commissioner of the NCAG and former Palestinian Authority deputy minister, said the committee would work to rebuild the Gaza Strip under the guidance of the BOP and Trump. 

The Israeli prime minister’s office said the BOP’s Gaza Executive Board was ‘at odds with Israeli policy.’ 

The appointment of multiple Turkish and Egyptian figures has been viewed as anti-Israeli. 

Turkish President Recep Tayyip Erdogan previously compared Netanyahu to Adolf Hitler and praised Hamas.