Addressing the board in a meeting in Washington, DC, on Thursday, the United States president said the US will make a contribution of $10bn to the Board of Peace, although he didn’t specify what the money will be used for. AlJazeera reported.

Kazakhstan, Azerbaijan, the United Arab Emirates, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan and Kuwait have raised an initial down payment for Gaza reconstruction, Trump said.

“Every dollar spent is an investment in stability and the hope of a new and harmonious [region],” said Trump. He added, “The Board of Peace is showing how a better future can be built right here in this room.”

The funds pledged, while significant, represent a fraction of the estimated $70bn needed to rebuild the Palestinian territory that has been decimated after more than two years of Israel’s genocidal war.

While the disarmament of Hamas was a part of Trump’s 20-point plan for Gaza, the group has been reluctant to hand over weaponry as Israel continues to carry out daily attacks on Gaza.

Hamas spokesperson Hazem Qassem said any international force must “monitor the ceasefire and prevent the [Israeli] occupation from continuing its aggression.” Disarmament could be discussed, he said, without directly committing to it.