The board originated in the US president's 20-point Gaza ceasefire plan endorsed by the UN Security Council, but has expanded far beyond its initial mandate.
US President Donald Trump signed the charter to formally launch his "Board of Peace" initiative in Davos on Thursday, calling it a "very exciting day, long in the making".

"We're going to have peace in the world," Trump announced. "And we're all stars."

"Just one year ago the world was actually on fire, a lot of people didn't know it," Trump said in his opening speech. Yet "many good things are happening" and the threats around the world "are really calming down," the US president said.

Flanked by leaders of the board's founding member countries — including Argentinian President Javier Milei and Hungarian Premier Viktor Orbán — Trump also praised the work of his administration, "settling eight wars," and added that "a lot of progress" has been made toward ending Russia's all-out war in Ukraine.

He then took a moment to thank the heads of state in attendance. "We are truly honoured by your presence today,” Trump said, stating they were "in most cases very popular leaders, some cases not so popular.”

"In this group I like every single one of them," Trump quipped.

US Secretary of State Marco Rubio was next to praise the Board of Peace as “a group of leaders that is about action” and credited Trump for bringing it together.

“He’s not limited by some of the things that have happened in the past, and he’s willing to talk to or engage with anyone in the interest of peace,” Rubio said.

Rubio stressed the body’s job “first and foremost” is “making sure that this peace deal in Gaza becomes enduring.” Then, Rubio said, it can look elsewhere.

With details of the board’s operations still unclear, Rubio described it as a work in progress.

“Many others who are going to join, you know, others either are not in town today or they have to go through some procedure internally in their own countries, in their own country, because of constitutional limitations, but others will join,” Rubio said.