Despite billion-dollar pledges from several member states, no cash has been deposited into U.S. President Donald Trump’s Peace Board fund for Gaza reconstruction, according to an AFP report on Wednesday. The board was created by Trump to oversee Gaza’s rebuilding under his peace plan, following an October ceasefire between Israel and Hamas supported by the United States. However, the fund has yet to receive any contributions from donors.

A source said the fund was intended for the reconstruction and development phase, which has not yet begun, explaining why no money has been collected. Despite the ceasefire, Israeli military operations in Gaza continue, with the enclave’s health ministry reporting at least 910 deaths since the truce. Israel still controls more than 60 percent of the devastated Gaza Strip.

The Financial Times reported that the board received donations directly into a JPMorgan account, though major European countries such as France and Britain have refused to join. Trump had earlier announced a U.S. pledge of $10 billion, while Qatar, Saudi Arabia, and the UAE each promised at least $1 billion.