US President Donald Trump will ask countries that want to join his "Peace Board" to oversee Gaza to pay $1 billion for membership, according to reports from Bloomberg and The Atlantic.
A draft of the charter seen by both media outlets indicated that Trump would serve as the first chairman of the executive board, which would approve which member states could join the board.
The board will become official after three member states agree on the statute, it writes. the Hill.
"Each member state shall serve for a term of no longer than three years from the entry into force of this Charter, renewable by the President," the draft states, according to Bloomberg.
“The three-year membership shall not apply to member states that contribute more than US$1,000,000,000 in cash funds to the Peace Board within the first year of the entry into force of the Charter,” it adds.
Member states will be able to vote on the board's decisions, but Trump will have the sole authority to approve them.
It remains unclear what will be funded by the $1 billion for membership.
The board was created to oversee and implement Trump's 20-point peace plan for Gaza, which was put in place after Israel and Hamas reached a ceasefire to end a bloody two-year conflict in the Gaza Strip.
Trump recently announced that Phase 2 of the peace plan had begun, which calls for Hamas to disarm and Israel to withdraw its forces from Gaza.
Trump said the board was formed this week, later announcing that Secretary of State Marco Rubio, special envoy Steve Witkoff, his son-in-law Jared Kushner, former UK Prime Minister Tony Blair, World Bank President Ajay Banga and billionaire investors Robert Gabriel and Marc Rowan would be on the board.
The White House also invited the presidents of Turkey, Argentina, Egypt, and Albania to join the board. /Telegraph/
