Jan 23, Kathmandu - The announcement of the ‘Board of Peace’ at the 2026 World Economic Forum in Davos, Switzerland, has brought a new wave of global diplomacy. It has shifted the focus of international conflict resolution away from traditional institutions and towards a new and independent investment model.

On January 22, 2026, US President Donald Trump signed the founding charter of the institution along with 19 world leaders. It included Argentina’s Javier Miel and Hungary’s Viktor Orbán, as well as regional powers such as Saudi Arabia, Egypt and Israel.

Although initially conceived solely for the reconstruction project of the “new Gaza”, its mandate has now been expanded to address other global instabilities.

The operating model of the board is somewhat different, with a provision for a $1 billion contribution to become a permanent member, while non-investing members can only serve for three-year terms. This financial model has generated a great deal of debate around the world.

Traditional allies, particularly France and the United Kingdom (UK), and various humanitarian groups have expressed concern that the body could ignore established UN procedures.

Despite the controversy, the board has moved quickly to implement its “master plan” for Gaza. The plan includes the complete disarmament of Hamas and the establishment of a Palestinian technical administration under Ali Shaath.

During a presentation in Davos, Jared Kushner outlined plans for major reconstruction and tourism infrastructure on the coast to develop the territory.

As a result of the board, the Rafah crossing is set to reopen next week. However, diplomatic tensions remain. The US has withdrawn its invitation, particularly after a public row with Canada.

The world’s attention has now turned to the United Arab Emirates (UAE), where the board is expected to host the first trilateral meeting between the US, Russia and Ukraine. This meeting will be a major test of whether the new 'Board of Peace' can fulfill its promise to maintain international stability.