The Trump administration is asking countries that want a permanent spot on his new Board of Peace to contribute at least $1 billion, Bloomberg reported on Sunday.According to a draft charter for the proposed group seen by Bloomberg, President Donald Trump would serve as its inaugural chairman and would decide on who is invited to be members. Decisions would be taken by a majority, with each member state present getting one vote, but all would be subject to the chairman’s approval.For all the latest headlines follow our Google News channel online or via the app.“Each Member State shall serve a term of no more than three years from this Charter’s entry into force, subject to renewal by the Chairman. The three-year membership term shall not apply to Member States that 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,” the draft says.Critics are worried that Trump is trying to build an alternative, or rival,