World Bank Chief Ajay Banga Named to Board of Peace to Lead Gaza Redevelopment

President Donald Trump has launched a new plan to end the Gaza conflict and rebuild Gaza. As part of this plan, the U.S. has created new bodies to manage peace, security, and reconstruction.

The newly created leadership body is known as the “Board of Peace.” This group is part of former President Donald Trump’s plan to help rebuild Gaza and bring an end to the conflict there. The idea is that experienced global and U.S. leaders will work together to guide peace efforts and oversee rebuilding projects after the fighting stops.

Ajay Banga, who leads the World Bank Group and is Indian-American has been chosen to be part of a group. Other key members selected are:

  • Marco Rubio – U.S. Secretary of State (diplomacy)

  • Steve Witkoff – U.S. Middle East envoy

  • Jared Kushner – Trump’s son-in-law

  • Tony Blair – former UK Prime Minister

  • Marc Rowan – CEO of Apollo Global Management (investment)

  • Robert Gabriel – U.S. national security official

Each member of the board will be responsible for a specific area, such as governance and administration in Gaza, rebuilding critical infrastructure, attracting domestic and international investment, and mobilizing large-scale funding for reconstruction efforts. Additional members may be appointed at a later stage as the board’s work expands.

As part of this group, a new international security force called the International Stabilisation Force (ISF) will be created.” It will be led by U.S. Major General Jasper Jeffers. Its main job is to make sure Gaza is free from terrorist activity and that all armed groups give up their weapons through a process called demilitarisation. The ISF will also protect humanitarian aid deliveries, keep civilians and aid workers safe, and maintain security so rebuilding and reconstruction can happen without interference.

Trump wants everyone involved to work together with the NCAG, the Board of Peace, and the international security force (ISF) to keep things stable and moving forward. The National Committee for the Administration of Gaza (NCAG) is a temporary government. Its job is to help manage Gaza while peace plans are put in place and rebuilding begins.

The U.S. plan wants the fighting to stop immediately if both sides agree. Gaza would be managed by new international leaders who keep the area safe. There would be lots of rebuilding and money to fix homes, schools, and hospitals. The goal is to create lasting peace and help the economy grow.

The plan is to rebuild and modernize Gaza, maybe even creating new “model cities.” Experts and investors from around the world would be invited to help with projects. A special economic zone could be set up, with lower taxes, easier trade, and ways to create jobs. The goal is to bring money, businesses, and work to Gaza so people have more opportunities. But the plan will only work if Israel, the Palestinians, and nearby countries all agree to it.

Who is Ajay Banga?

Ajay Banga became the 14th President of the World Bank Group in June 2023. He was nominated by former U.S. President Joe Biden and is serving a five-year term. In this role, he leads the bank’s work on global development finance, focusing especially on helping countries that are fragile or affected by conflict, supporting projects that promote growth, stability, and recovery.

Education: Ajay Banga born in Khadki, Maharashtra, into a Sikh family studied economics and management in India. He earned a Bachelor of Arts (Honours) in Economics from St. Stephen’s College in Delhi, one of the country’s top colleges. He then went on to pursue a postgraduate management degree from the Indian Institute of Management (IIM) Ahmedabad, which is widely regarded as one of India’s leading business schools. These studies provided him with a strong foundation in economics, business, and leadership, which helped shape his long and successful career.

Career Path:  Ajay Banga began his professional career at Nestlé India, where he worked for over ten years in sales and marketing, gaining extensive experience in the consumer goods sector. In 1994, he joined PepsiCo India to lead marketing for its snacks business. Later, he transitioned into financial services by joining Citigroup, where he climbed the ranks to become CEO of Citigroup Asia Pacific in 2008. Before taking charge of the World Bank, Banga was elected chairman of the International Chamber of Commerce in 2020, highlighting his leadership on a global stage.

He has over 30 years of experience in consumer goods, banking, and global institutions.