The US-led Board of Peace has unveiled a $2.45 billion recovery plan for Gaza on the sidelines of the UN General Assembly. Led by executive board member Jared Kushner, the 66-project proposal aims to rebuild critical infrastructure but faces severe political and financial hurdles. Kushner acknowledged implementation delays, while only $280 million of $18 billion in pledged international funding has been delivered. Meanwhile, ongoing Israeli airstrikes and a deadlock over Hamas disarmament preconditions threaten to keep the plan grounded.
Details of the Gaza recovery plan
- ▪The US-led Board of Peace unveiled a $2.45 billion "Six-Month Gaza Recovery Program" consisting of 66 projects across six key areas to rehabilitate Gaza's infrastructure and economy
- ▪The US-led Board of Peace estimates that physical damage in Gaza totals $35.2 billion, and full reconstruction will require approximately $71.4 billion over the next decade
Funding and implementation challenges of the Board of Peace
- ▪Middle East Institute senior fellow Brian Katulis identified a lack of transparency regarding how the US-led Board of Peace recovery plan is funded and operationalized
- ▪The US-led Board of Peace has received $18 billion in financial pledges from international partners, but only $280 million has been handed over as of September 23, 2026
Ongoing conflict and casualties in Gaza
- ▪Israeli military strikes in Gaza on September 23, 2026 killed at least four people, including a Hamas official, as the US-led Board of Peace presented its $2.45 billion Gaza recovery plan in New York
- ▪At least 1,381 Palestinians have been killed in Israeli attacks in Gaza since the US-brokered ceasefire began on October 10, 2025
Debatable claims
- ▪International donors are justified in withholding pledged funds for Gaza's reconstruction
- ▪The Board of Peace lacks the political legitimacy to oversee Gaza's recovery
- ▪Israel is justified in demanding Hamas disarm before withdrawing from Gaza
- ▪The Board of Peace's Gaza recovery plan is a realistic blueprint
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