A draft charter for the group, seen by Bloomberg, establishes Trump as its inaugural chairman, who would have a veto over membership.

The document stipulates that states‘ membership will be limited to three years, unless they “contribute more than USD $1,000,000,000 in cash funds to the Board of Peace within the first year of the Charter’s entry into force“, guaranteeing them permanent membership.

The charter opens by stressing the need for „a more nimble and effective international peace-building body“, adding that lasting peace requires „the courage to depart from … institutions that have too often failed“.

The language has prompted concerns that Trump is seeking to build a rival to the United Nations.