U.S. President Donald Trump announced the launch of a new international initiative called the ‘Board of Peace’ on Thursday during meetings in Davos, saying the body will focus on enforcing a ceasefire in Gaza and addressing other ongoing global conflicts.

According to the White House, invitations were sent to 60 countries to participate in the board, though representatives from about 20 nations attended the launch event. Leaders present included Pakistan Prime Minister Shehbaz Sharif, along with officials from Saudi Arabia, Qatar, the United Arab Emirates, Argentina and Paraguay.

Trump claimed that Russian President Vladimir Putin has agreed to take part in the Gaza-focused peace initiative. However, Russian officials said a final decision on formal participation has not yet been made. President Putin indicated Russia could consider contributing up to $1 billion to support the board’s work.

The U.S. president said once the board is fully established, it will be positioned to make significant international decisions, with its operations carried out in coordination with the United Nations. He added that the initiative is intended to strengthen cooperation among participating countries on conflict prevention and peace enforcement.

Observers say the limited turnout at the launch and the absence of several major global powers raise questions about the board’s future influence, though its supporters argue it could evolve as conflicts and diplomatic priorities shift.