A TimThumb error has occured

The following error(s) occured:

GD Library Error: imagecreatetruecolor does not exist - please contact your webhost and ask them to install the GD library

Query String : w=2560&h=1440&src=http%3A%2F%2Fmoriartus.com%2Fwp-content%2Fuploads%2F2015%2F02%2FUK3A3098.jpg
TimThumb version : 2.8.14