Financial Times: The "Peace Council" Fund is Empty

The publication writes that despite promises to allocate 17 billion dollars, the organization is still in a limbo, and the money for projects in the Gaza Strip is not arriving.

“Member states have allocated 7 billion dollars for an ‘aid package’ for Gaza, and Trump has promised to allocate an additional 10 billion dollars.

However, according to four sources familiar with the situation, in the four months after its creation, the council's financial fund, established by the World Bank, has not received a single cent from sponsors.”

The money allocated by sponsor states goes not to the main account of the World Bank, but to an alternative account in JPMorgan, but there is no transparency in the spending of funds on this account, reports the author of the material.

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