According to Reuters agency citing its own sources, the Peace Council, established on the initiative of the US president and under his leadership, has collected only a small fraction of the $17 billion promised by member states for the reconstruction of the Gaza sector. The Council's first meeting was held on February 19 in Washington, where Donald Trump announced that nine member states, including Uzbekistan, had pledged over $7 billion to aid Gaza. The United States allegedly committed to directing $10 billion to the organization.

International organizations estimate that reconstructing Gaza, where four out of five buildings were destroyed during two years of war, will cost approximately $70 billion. The Peace Council's plan purportedly envisions large-scale reconstruction of Gaza after the disarmament of the Hamas group and the withdrawal of Israeli troops. The funds were also intended to finance the activities of the National Coordination Committee for Gaza Management (NCAG)—an administrative body supported by the US that is supposed to take control of Gaza instead of Hamas.

One Reuters source reported that only three of the ten countries that promised funding—the UAE, Morocco, and the US—have contributed their shares. According to the agency's interlocutor, the Peace Council's budget currently stands at less than $1 billion. He added that the war between the US and Israel with Iran "affected everything."

The Peace Council denied information about funding problems. In a statement, the organization said: "The Peace Council is an organization focused on effectively accomplishing specific tasks, attracting funds as needed. No financial difficulties exist. To date, all funding requests have been fully satisfied."

The Peace Council was initially conceived as an international body for managing the Gaza sector under a peace plan agreed upon through Donald Trump's mediation in October 2025. Later, the Council gained broader powers and now deals with resolving conflicts worldwide. Uzbekistan joined this organization as a founding state in January 2026 in Davos, Switzerland.

Source: www.gazeta.uz