Key Points
- Paraguay and Argentina signed on in Davos as founding members of Trump’s new “Board of Peace.”
- Brazil is reviewing the charter and consulting partners before deciding whether to join.
- Funding and governance rules, plus European hesitation, are driving early legitimacy questions.
Paraguay’s President Santiago Peña and Argentina’s President Javier Milei used Davos on January 22, 2026, to claim early influence in a U.S.-chaired “Board of Peace,” unveiled by President Donald Trump at the World Economic Forum.
Around 20 countries were listed as signatories at launch. Peña and Milei promoted the move through official statements and on X, Facebook, and Instagram, with clips spreading via reposts.
The initiative was first framed as a tool to help end the war in Gaza and support reconstruction. Yet the charter text published in full in recent reporting does not mention Gaza.
It sets a broader conflict-mediation mission and gives the chairman wide discretion over agendas and invitations. The rules also bake money into status.
Membership terms run three years. A route to permanent status is tied to a $1 billion cash contribution in the first year, a design supporters call operational and critics call pay-to-stay.
Brazil weighs joining U.S.-led council
Europe’s caution is reinforcing the debate. Italy has said it will not participate, citing constitutional concerns about joining a body chaired by a single leader rather than a conventional multilateral structure.
The launch also produced confusion over Russia. Trump said Vladimir Putin had accepted an invitation. Putin later said Moscow was still studying it.
Brazil’s response has been slower. Lula’s team has described a careful review of the document, with no final decision.
He has also consulted partners, including a phone call with Turkey’s President Recep Tayyip Erdoğan, as Brazil weighs how any expanded role would interact with U.N. channels.
One legal reading keeps any clearly defined, U.N.-recognized mandate focused on Gaza through December 31, 2027. Anything broader would depend on state consent and, often, Security Council politics.
For Mercosur, the contrast is immediate. Paraguay and Argentina are betting that closeness to Washington can deliver access and practical gains. Brazil is betting that restraint preserves flexibility, even if it yields first-mover advantage.
Related coverage: Brazil’s Morning Call | Flávio Bolsonaro Targets Brazil’s Northeast to Challenge Lul This is part of The Rio Times’ daily coverage of Brazil affairs and Latin American financial news.

