Donald Trump has signed the founding charter of his Board of Peace which will reportedly oversee postwar stabilisation in Gaza.
The US president inaugurated the board during a speech at the World Economic Forum in Davos, Switzerland.
The Board of Peace, which was announced in November and endorsed by the UN security council, was initially understood to focus on brokering a ceasefire in Gaza.
However, the agreement failed to mention the Palestinian territory and appears to be designed to supplant functions of the UN, according to reports.
"Once this board is completely formed, we can do pretty much whatever we want to do. And we'll do it in conjunction with the United Nations," Trump said in a statement.
"This isn’t the United States, this is for the world," he added. "I think we can spread it out to other things as we succeed in Gaza."
Trump noted that most of the 59 leaders signed onto the deal are "very popular," but others were "not so popular."
"That's the way it goes," he said.