The Trump administration is seeking financial contributions of at least $1 billion from nations desiring a permanent seat on its proposed Board of Peace, according to a draft charter obtained by Bloomberg. The initiative, which would see President Donald Trump as its inaugural chairman, has raised concerns about its potential to rival the United Nations, an organization Trump has frequently criticized.

The draft charter outlines that President Trump would have the authority to invite members to the board. While decisions would be made by a majority vote, with each member state present receiving one vote, all decisions would be subject to the chairman's approval. Membership terms are set at a maximum of three years, subject to renewal by the chairman. However, this three-year limit would not apply to member states contributing over $1 billion in cash within the first year of the charter's enactment.

The Board of Peace is described in the charter as an international organization dedicated to promoting stability, restoring lawful governance, and securing lasting peace in conflict-affected areas. Its official establishment is contingent upon the charter's finalization and acceptance by participating nations.

Critics have voiced concerns that the board could undermine the UN's role in international diplomacy and peacekeeping. The United Nations, established in 1945, has long served as the primary global forum for addressing international conflicts and promoting cooperation among nations. The potential emergence of a parallel organization, particularly one led by a single nation's leader, raises questions about the future of multilateralism and the established international order.

The Trump administration has not yet publicly commented on the draft charter or the financial contribution requirements. The next steps involve further negotiations and potential revisions to the charter, followed by formal invitations to prospective member states. The long-term impact of the Board of Peace on global conflict resolution and international relations remains to be seen.