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The foundation board is the central governing body, responsible for the strategic direction and the fulfillment of the foundation’s purpose – encompassing everything from organisation to finance.

Despite geopolitical tensions, higher interest rates, and persistent uncertainty, the global economy continues to demonstrate resilience. Leading indicators such as purchasing managers’ indices, alongside stable consumer spending and labor market data, suggest that the global economy is likely to continue expanding in the short term. Above all, we are observing a structural shift in the drivers of growth. Expansionary fiscal programs and elevated corporate investment are supporting economic momentum across many regions of the world.

Economic developments are currently being shaped by two opposing forces. On the demand side, investments in infrastructure, defence, and AI data centres are driving momentum. On the supply side, demographic change, deglobalization, and the energy price shock are acting as constraints. This combination is inflationary — while the growth outlook remains uncertain.