In a significant development, President Donald Trump announced that the 'Board of Peace' will officially unveil its pledged $5 billion for humanitarian efforts in Gaza during its inaugural meeting on February 19, 2026, in Washington, D.C. Trump emphasized the board's potential impact, stating, "The Board of Peace will prove to be the most consequential International Body in History, and it is my honor to serve as its Chairman." This initiative comes amid reports of over 72,000 Palestinians killed and extensive infrastructure destruction due to ongoing violence. Notably, the situation has been exacerbated by Israel's recent approval to declare large parts of the West Bank as 'state land,' which Palestinian officials have condemned as a serious escalation and a violation of international law. The Palestinian presidency and Hamas have both criticized this move, viewing it as an attempt to undermine the two-state solution and further dispossess Palestinians in the occupied territories.