The Board of Peace, chaired by Donald Trump, is considering the launch of a dollar-pegged stablecoin in Gaza as part of its efforts for post-war economic reconstruction.

On Friday, Egyptian Foreign Minister Badr Abdelatty met with Palestinian Prime Minister Mohammad Mustafa to discuss preparations for an international conference on Gaza reconstruction, set to take place next month.

France will co-host an international conference on the reconstruction of Gaza with Egypt and collaborate with partners to create a stabilization force under a UN mandate, according to the foreign minister on Wednesday.

On Monday, European Council President Antonio Costa stated that the EU is prepared to actively participate in the implementation of the Gaza ceasefire plan and join the Board of Peace to support transitional governance, recovery, and reconstruction efforts.

Iraqi Prime Minister Mohammed Shia al-Sudani, speaking at the Arab League summit hosted by his country on Saturday, announced that Iraq will allocate $40 million to support the reconstruction of Lebanon and Gaza following their conflicts with Israel.

On Saturday, the foreign ministers of France, Germany, Italy, and Britain expressed their support for an Arab-backed plan to rebuild Gaza, which is projected to cost $53 billion and aims to prevent the displacement of Palestinians from the enclave.

A UN report released on Tuesday estimated that recovery and reconstruction efforts in the Gaza Strip would require more than $53 billion, with short-term needs over the first three years reaching approximately $20.568 billion.

Palestinian Prime Minister Mohammed Mustafa presented a plan for the reconstruction of the Gaza Strip to the country's President and head of the Palestinian National Authority (PNA) Mahmoud Abbas, News.Az citing the WAFA.