Once again, then, we find that forces inside and outside the Faith have made possible a new stage in the work of social and economic development in the Bahá’í world. Therefore, on this sacred occasion of the Festivals of the Twin Birthdays, we are pleased to announce that the Office of Social and Economic Development now effloresces into a new world-embracing institution established at the World Centre, the Bahá’í International Development Organization. In addition, a Bahá’í Development Fund will be inaugurated, from which the new organization will draw to assist both long-standing and emerging development efforts worldwide; it will be supported by the House of Justice, and individuals and institutions may contribute to it.
A five-member board of directors will be appointed which will function as a consultative body to promote and coordinate the efforts of the worldwide community in social and economic development. The directors will serve for a term of five years beginning on the Day of the Covenant. Operating at the spiritual and administrative centre of the Faith, the board will consult with the Universal House of Justice and the International Teaching Centre to ensure that the development work is coherent with the many endeavors of the Bahá’í world.