US President Donald Trump kicked off his new "Board of Peace" at Davos on Thursday, with a signing ceremony for a body with a US$1-billion membership fee and a controversial list of invitees.

A group of leaders and senior officials from 19 countries – including Trump allies from Argentina and Hungary – gathered on stage with the US president to put their names to the founding charter of the body.

Trump – who unsurprisingly is also the chairman of the Board of Peace – said they were "in most cases very popular leaders, some cases not so popular. That's the way it goes in life."

Originally meant to oversee peace in Gaza after the war between Hamas and Israel, the board's charter envisions a wider role in resolving international conflicts, sparking concerns that Trump wants it to rival the United Nations.

Trump sought to allay some of those worries on Thursday, saying that the organisation would β€œwork with many others, including the United Nations."

β€œOnce this board is completel

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