US President Donald Trump's ambitious plan to reconstruct Gaza is faltering due to a severe funding crisis. Despite $17 billion pledged by international donors, less than $1 billion has been received, primarily from the United Arab Emirates, Morocco, and the United States. This funding shortfall has stalled the operations of the US-backed Board of Peace, which is responsible for overseeing reconstruction and governance in the war-torn region. The National Committee for the Administration of Gaza (NCAG), led by Palestinian technocrat Ali Shaath, is unable to enter Gaza due to lack of funds, as confirmed by board envoy Nickolay Mladenov. The ongoing conflict involving Iran has further complicated funding flows. With reconstruction costs estimated at around $70 billion, the financial bottleneck poses a significant threat to Gaza’s recovery and could prolong instability in the region.