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The Badminton World Federation (BWF) is the international governing body of the sport of badminton, recognised by the International Olympic Committee (IOC) and the International Paralympic Committee (IPC). It was originally the International Badminton Federation (IBF) which was founded on 5 July, 1934, before being rechristened the Badminton World Federation in 2006. The purpose and objectives of BWF include regulating, promoting, developing and popularising the sport of badminton throughout the world and organising, conducting and presenting international events at the highest level. The BWFs vision is to make badminton a leading global sport accessible to all – giving every child a chance to play for life. Its mission is to lead and inspire all stakeholders; to deliver entertainment through exciting events to drive fan experience; and to create innovative, impactful and sustainable development initiatives. BWF has its headquarters in Kuala Lumpur, Malaysia, with 194 Member Associations worldwide. Poul-Erik Høyer is the BWF President and Thomas Lund is the BWF Secretary General.
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The Federal Reserve Board, commonly known as the Fed, is the central authority of the Federal Reserve System, which serves as the central banking system of the United States. Established in 1913, the Fed aims to create a stable monetary system and address banking panics. Headquartered in Washington, D.C., it oversees 12 regional Federal Reserve Banks, balancing regional insights with national policy. The Fed has five main functions: conducting monetary policy to promote maximum employment and stable prices, ensuring financial system stability, supervising and regulating financial institutions, fostering efficient payment and settlement systems, and promoting consumer protection and community development. It also provides essential services such as payment processing and economic data publications, including the Beige Book and the FRED database. The Fed plays a crucial role in supporting the U.S. economy and serves various stakeholders, including depository institutions, the U.S. government, and foreign official institutions.
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