Former U.S. President Donald Trump has officially announced the formation of a 'Board of Peace,' a key component of the second phase of his 20-Point Peace Plan primarily aimed at ending the conflict and overseeing the reconstruction of the Gaza Strip. However, leaked details from a draft charter, widely reported by Bloomberg News and subsequently by several international outlets including CGTN and Xinhua, indicate that the Board's mandate extends globally, with ambitions to address conflicts beyond Gaza. A significant and controversial aspect of the proposal is the reported $1 billion fee for countries wishing to secure a permanent seat on this new international body. The draft charter suggests that while member states would typically serve a term of no more than three years, those contributing over $1 billion in cash funds within the first year would be exempt from this term limit, effectively granting them permanent status. This condition has sparked discussions about the transactional nature of the proposed peace-keeping mechanism. Trump is slated to serve as the inaugural chairman of the Board of Peace, with appointments to its executive committee including prominent international figures such as former British Prime Minister Tony Blair, World Bank President Ajay Banga, U.S. Secretary of State Marco Rubio, and Trump's son-in-law Jared Kushner. The Board's broader objectives, encompassing stability, governance restoration, and enduring peace in conflict-affected areas globally, have led some observers to express concern that it could emerge as an alternative or rival to the established United Nations. While the Times of India headline accurately captures the essence of the reports regarding the $1 billion fee, the White House has reportedly described such characterizations as 'misleading,' clarifying that the sum is a threshold for permanent membership and not a universal entry fee to join the Board. This nuance is important for understanding the proposed structure. The formal establishment of the board was announced on January 15, 2026, by President Trump.