{"id":28896,"date":"2026-04-14T05:00:40","date_gmt":"2026-04-14T04:00:40","guid":{"rendered":"https:\/\/www.bordier.com\/?p=28896"},"modified":"2026-04-14T05:28:23","modified_gmt":"2026-04-14T04:28:23","slug":"the-board-of-peace-is-it-what-its-supposed-to-be","status":"publish","type":"post","link":"https:\/\/www.bordier.com\/de\/the-board-of-peace-is-it-what-its-supposed-to-be\/","title":{"rendered":"The Board of Peace: Is it what it&#8217;s supposed to be?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28896\" class=\"elementor elementor-28896\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"has_ae_slider elementor-element elementor-element-8a9542e e-flex e-con-boxed ae-bg-gallery-type-default e-con e-parent\" data-id=\"8a9542e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e5ec2ba elementor-widget elementor-widget-heading\" data-id=\"e5ec2ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">\/ Monthly Market Update  - <em>April 2026<\/em><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aea53f elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"5aea53f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">The <em>Board of Peace:<\/em> Is it what it's supposed to be?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0141ae elementor-widget__width-initial elementor-hidden-widescreen elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"f0141ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><em><b>\u201cIt's good until it's not, it works until it doesn't.\u201d <\/em><\/b><br>\n\n<p>- Barbara Ann Webber, a former Credit and Financial Analyst, March 2018. <\/p><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ce1887 btn-red icon-right-arrow bg-grey elementor-widget elementor-widget-button\" data-id=\"9ce1887\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Monthly-Insight-April-2026.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download pdf<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-8bb2ceb e-con-full e-flex ae-bg-gallery-type-default e-con e-parent\" data-id=\"8bb2ceb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-070d46f e-con-full elementor-hidden-mobile e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"070d46f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab25fb7 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"ab25fb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h3&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;&quot;,&quot;library&quot;:&quot;&quot;},&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;],&quot;sticky_offset&quot;:80,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_widescreen&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__ab25fb7\" aria-expanded=\"true\" aria-label=\"Inhaltsverzeichnis \u00f6ffnen\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__ab25fb7\" aria-expanded=\"true\" aria-label=\"Inhaltsverzeichnis schlie\u00dfen\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__ab25fb7\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-bd2e846 e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"bd2e846\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5621b7d elementor-widget elementor-widget-heading\" data-id=\"5621b7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Insights<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eff1994 elementor-hidden-widescreen elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"eff1994\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Insights<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaeb5b4 elementor-widget elementor-widget-text-editor\" data-id=\"aaeb5b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>So, what exactly is the Board of Peace?<\/p><p>We have all seen snippets of it on main media streams, glanced over mentions of it in print and, mostly dissing it as yet another Trump distraction.<\/p><p>BUT\u2026.<\/p><p>Let us deep dive a little into it \u2013 there actually may be some substance to it.<\/p><p>What the Board of Peace Is and Why It Matters in Today\u2019s Geopolitical System<\/p><p>The Board of Peace is a newly-created international organisation that emerged in early 2026 against the backdrop of the Gaza ceasefire and reconstruction effort. While early media coverage often framed it as another short lived political initiative, a closer examination suggests it represents a more substantive \u2013 and unconventional \u2013 experiment in international governance.<\/p><p>Formally established in January 2026 and welcomed by <strong>UN Security Council Resolution 2803<\/strong> in November 2025, the Board originated as a coordinating mechanism for Gaza\u2019s post war administration and reconstruction. Importantly, the UN resolution did not mandate the Board nor grant it universal authority.<\/p><p>Instead, it acknowledged the Board as a transitional and coordinating body operating outside the formal UN system. This distinction is central to understanding both the Board\u2019s potential strengths and its inherent limitations.<\/p><p>Although Gaza was the catalyst, the Board\u2019s final charter articulates a much broader ambition. It positions the institution as a standing peace building body capable of operating across multiple conflict and post conflict zones, rather than as a single issue vehicle tied exclusively to Gaza. In this sense, the Board is best understood not as a UN substitute, but as a parallel structure designed to bypass some of the procedural and consensus constraints that characterise traditional multilateral institutions.<\/p><p>How the Board Operates: Governance Structure, Power Dynamics and Regional Influence<\/p><p>At the core of the Board\u2019s design is an explicitly centralised governance model. The organisation is chaired in perpetuity by U.S. President Donald J. Trump, with the Chair holding extensive authority, including the power to invite or exclude members, approve or veto resolutions, and break voting ties. Membership is by-invitation only and structured around two tiers: permanent members, who secure long term participation through a USD 1 billion capital contribution, and term members, who serve renewable three year mandates. By early 2026, roughly 25 states had signed the charter out of approximately 60 invited.<\/p><p>From a policy perspective, this architecture represents a clear departure from consensus driven multilateralism. Decision making authority is deliberately concentrated, with speed and decisiveness prioritised over broad representation. At the same time, the Board introduces a capital anchored model of participation, linking geopolitical influence directly to financial commitment. In practice, this has enabled the rapid mobilisation of multi billion dollar pledges for reconstruction and humanitarian support, with the World Bank designated to manage and disburse funds under the Board\u2019s strategic direction.<\/p><p>The Board\u2019s stated mission is threefold: to promote stability, restore dependable and lawful governance, and secure enduring peace in areas affected or threatened by conflict. Operationally, this translates into coordinating post conflict reconstruction and humanitarian funding, supporting transitional governance frameworks, overseeing demilitarisation and security stabilisation, and developing replicable peace building practices. While the initial operational focus remains Gaza, the absence of any geographical limitation in the charter leaves open the possibility of future expansion.<\/p><p>These features make the Board a potentially powerful coordination hub, particularly in environments where political authority, security oversight and capital allocation must move in tandem. In effect, it resembles a \u201ccoalition of capital\u201d rather than a traditional rules based multilateral lender. Should it succeed in stabilising target regions, the resulting compression of political risk could have meaningful economic and investment implications.<\/p><p>That said, the Board\u2019s structure has attracted material criticism. The concentration of authority in the Chair raises governance and accountability concerns, while the Board\u2019s parallel existence risks friction with established UN mechanisms and broader multilateral norms. Moreover, the charter\u2019s broad mandate leaves unresolved questions around geographic scope, duration of involvement and exit strategies in post conflict settings.<\/p><p><em>These tensions are particularly visible in the context of the current Iran war.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2fdd4af elementor-widget elementor-widget-heading\" data-id=\"2fdd4af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The Board of Peace in Current Conflicts: Iran Tensions and Diplomatic Limits<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cec39a6 elementor-widget elementor-widget-text-editor\" data-id=\"cec39a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To date, the Board has not functioned as a peace broker between Washington and Tehran. Iran is not a member, does not recognise the Board as neutral, and has publicly rejected claims of direct engagement.<\/p><p>Instead, the Board\u2019s role has been indirect. It has acted as a coordination framework around U.S. ceasefire proposals \u2014 notably the recently discussed 15 point framework \u2014 and as a mechanism to prevent the Iran conflict from derailing the Gaza stabilisation process entirely.<\/p><p>In parallel, the Board has served as a platform for indirect diplomacy. Its envoys have continued engagement with Hamas in Cairo, while regional member states such as Indonesia, Pakistan, T\u00fcrkiye, Egypt and Saudi Arabia have used their Board participation as diplomatic cover to pursue mediation channels with Tehran outside the U.S.\u2013Iran bilateral track. In this sense, the Board operates less as a negotiating table and more as a diplomatic clearinghouse.<\/p><p>Looking forward, the most realistic application of the Board to the Iran war lies not in imposing peace, but in structuring de-escalation and managing consequences. Analysts broadly agree that its comparative advantage is in sequencing an off ramp \u2014 potentially involving phased ceasefires, conditional sanctions relief, maritime deconfliction in the Strait of Hormuz and commitments to restrain proxy activity.<\/p><p>Should the conflict de escalate or freeze, the Board could then be repurposed as a post-conflict containment and reconstruction body, coordinating humanitarian stabilisation and reducing spillover risks across Iraq, Lebanon, the Gulf and global shipping lanes.<\/p><p>Crucially, there are limits to what the Board can achieve. Embedded within a wartime command environment and closely associated with U.S. leverage, it lacks the neutrality required to act as a trusted mediator in Tehran\u2019s eyes. More fundamentally, it cannot substitute for a domestic political settlement inside Iran. Absent a credible political design, military degradation alone risks regime fragmentation, proxy violence and long term regional instability \u2014 challenges that sit beyond the Board\u2019s current remit.<\/p><p>In net terms, the Board of Peace should be viewed as a structural experiment in international governance rather than a conventional peace institution. Its value lies in coordination, capital mobilisation and post conflict sequencing, not in diplomacy for its own sake. For policymakers, it is most useful after peak escalation rather than during active conflict. For investors, its relevance is second order, influencing risk premia, energy volatility and long dated reconstruction optionality more than near term asset pricing.<\/p><p>The Board\u2019s long term significance will ultimately depend on three factors: whether it can deliver tangible results in Gaza, whether member states remain committed as geopolitical conditions evolve, and whether it can coexist (rather than collide with) existing global institutions. Whether it proves a durable innovation or a transient construct remains an open question, but it is no longer credible to dismiss it as mere political theatre.<\/p><p>Taking all of this into account, we think that the Board of Peace can be applied to the Iran war only as a framework for managing consequences and enabling an off ramp, not as a neutral peace broker. Its value lies in what comes after escalation, not in stopping the escalation itself.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f05b36f elementor-widget elementor-widget-heading\" data-id=\"f05b36f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What This Means for Markets: Infrastructure, Energy and Reconstruction Opportunities<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-124e822 elementor-widget elementor-widget-text-editor\" data-id=\"124e822\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<\/p><p>To this extent, we would be prepared to invest in potential opportunities, in:<\/p><ul><li>Infrastructure<\/li><li>Energy logistics<\/li><li>Utilities and construction materials<\/li><\/ul><p>This is not a near term trade, but a watch list opportunity, contingent upon:<\/p><ul><li>A clear de-escalation, and<\/li><li>Capital deployment via multilateral channels<\/li><\/ul><p><strong>Appendix 1<\/strong><\/p><p>Confirmed Member States:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a4b4d2 elementor-widget elementor-widget-image\" data-id=\"0a4b4d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"612\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115242.png\" class=\"attachment-large size-large wp-image-28899\" alt=\"screenshot 2026 04 14 115242\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115242.png 637w, https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115242-300x288.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1e3101 elementor-widget elementor-widget-text-editor\" data-id=\"c1e3101\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Looking at the list of members, is it any wonder then, why Gulf states have been tolerant of Iran\u2019s continued attacks on their soil&#8230;<\/p><p><strong>Appendix 2: Extracts of The Charter as presented at the Davos World Economic Forum:<\/strong><\/p><p><em>Source: Board of Peace website, https:\/\/boardofpeace.org\/presentations<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7465bc elementor-widget elementor-widget-image\" data-id=\"e7465bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"619\" height=\"334\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115323.png\" class=\"attachment-large size-large wp-image-28900\" alt=\"screenshot 2026 04 14 115323\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115323.png 619w, https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115323-300x162.png 300w\" sizes=\"(max-width: 619px) 100vw, 619px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64d3bda elementor-widget elementor-widget-image\" data-id=\"64d3bda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"612\" height=\"325\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115340.png\" class=\"attachment-large size-large wp-image-28901\" alt=\"screenshot 2026 04 14 115340\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115340.png 612w, https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115340-300x159.png 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-254d7e0 elementor-widget elementor-widget-image\" data-id=\"254d7e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"614\" height=\"303\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115405.png\" class=\"attachment-large size-large wp-image-28902\" alt=\"screenshot 2026 04 14 115405\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115405.png 614w, https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115405-300x148.png 300w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb7ef6e elementor-widget elementor-widget-image\" data-id=\"bb7ef6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"611\" height=\"336\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115426.png\" class=\"attachment-large size-large wp-image-28903\" alt=\"screenshot 2026 04 14 115426\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115426.png 611w, https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115426-300x165.png 300w\" sizes=\"(max-width: 611px) 100vw, 611px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf5a747 elementor-widget elementor-widget-image\" data-id=\"cf5a747\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"326\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115442.png\" class=\"attachment-large size-large wp-image-28904\" alt=\"screenshot 2026 04 14 115442\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115442.png 612w, https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115442-300x160.png 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-846a9e6 elementor-widget elementor-widget-image\" data-id=\"846a9e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"615\" height=\"328\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115457.png\" class=\"attachment-large size-large wp-image-28905\" alt=\"screenshot 2026 04 14 115457\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115457.png 615w, https:\/\/www.bordier.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-14-115457-300x160.png 300w\" sizes=\"(max-width: 615px) 100vw, 615px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08e7c3d elementor-hidden-widescreen elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"08e7c3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-325cca3 elementor-hidden-widescreen elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"325cca3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A world that is stable \u2013 until it isn\u2019t. <em>Bring it on!<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fb6d0c elementor-widget elementor-widget-text-editor\" data-id=\"7fb6d0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>Disclaimer\u00a0<\/strong><\/p><p>This material is for the use of the recipient in accordance with the restrictions and\/or limitations implemented by any applicable laws and regulations only. It is intended only for the recipient and may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Bank\u2019s prior written consent. Unless otherwise indicated, the information is made available for informational purposes only, without considering the recipient\u2019s financial situation, investment objectives, risk tolerance, financial situation, or any other particular needs and should not be treated as legal or taxation advice.<\/p><p>The information is not and should not be construed as an offer or a solicitation to deal in any investment product or to enter into any legal relations. Any investment decision made based on the information provided is the sole responsibility of the client. The Bank disclaims any liability for any losses or damages resulting from the use of this information. The Bank assumes no responsibility for the way in which the client may choose to use or apply this information, or for any investment decision or transaction that the client might undertake as a consequence. It is the client\u2019s own responsibility to ensure that this product is suitable for him or her and the client must make his or her own decision concerning this product. The client may also wish to obtain advice from other sources before making any decision.<\/p><p>Past performance is not indicative of future results. Any forecast on the economy, stock market, bond market and economic trends of the markets are not necessarily indicative of the future or likely performance of the product. Any investment involves risks, including the total loss of the invested capital.<\/p><p>For queries arising from, or in connection with this material, please contact the person who sent you this material. This advertisement has not been reviewed by the Monetary Authority of Singapore.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Monthly Market Update &#8211; April 2026. So, what exactly is the Board of Peace? We have all seen snippets of it&#8230;<\/p>\n","protected":false},"author":5,"featured_media":28897,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[19],"tags":[151],"news_country":[12],"news_language":[38],"class_list":["post-28896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","tag-elementor-post","news_country-singapore","news_language-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/posts\/28896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/comments?post=28896"}],"version-history":[{"count":13,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/posts\/28896\/revisions"}],"predecessor-version":[{"id":28920,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/posts\/28896\/revisions\/28920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/media\/28897"}],"wp:attachment":[{"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/media?parent=28896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/categories?post=28896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/tags?post=28896"},{"taxonomy":"news_country","embeddable":true,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/news_country?post=28896"},{"taxonomy":"news_language","embeddable":true,"href":"https:\/\/www.bordier.com\/de\/wp-json\/wp\/v2\/news_language?post=28896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}