On 22 January 2026, on the sidelines of the World Economic Forum in Davos, the Trump administration presented the Board of Peace (BoP), an international organization conceived to manage post-conflict reconstruction starting from the case of Gaza.
Its architecture introduces an explicit break with the multilateral system: access to decision-making power is not determined by the sovereignty of member states but by a membership fee, set at one billion dollars. It constitutes a formally inclusive but substantially oligarchic structure, in which only powers with sufficient financial capacity can deliberate effectively.
This new development raises fundamental issues: in what way does the Board of Peace structurally redefine the role of small powers in the international system, and what strategies do they have available to resist this reconfiguration?
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