Key facts
The financial plan for the Foundation for Buildings for International Organisations (FIPOI) indicates a loss across the period 2025–29. This is because the operating cash flows generated by FIPOI do not allow it to make the investments in the real estate portfolio that are required to ensure the quality levels laid down by the foundation’s Board of Trustees. Based on FIPOI’s financial plan approved in December 2024, the foundation is expected to experience a cash shortfall from 2028 onwards if additional financing measures are not taken by the founders.
FIPOI sent the founders a financing request in March 2025. In May 2025, the Federal Department of Foreign Affairs (FDFA) launched the consultation of the federal offices on the dispatch concerning measures to be implemented to boost the role of Switzerland as a host state for the period 2026–29.
This dispatch includes CHF 130 million of financing for the renovation of four priority FIPOI projects as well as a series of targeted measures worth a total of some CHF 80 million. In the medium term, going beyond this dispatch, FIPOI will need to invest in the renovation of the rest of the real estate portfolio, i.e. the remaining 11 buildings. In recent years, investments in other FIPOI buildings have not managed to get them to the overall level of quality laid down by the Board of Trustees, owing to a lack of financial resources.
The SFAO assessed as part of its audit whether this additional CHF 130 million cements FIPOI’s long-term financing. Based on various scenarios, the SFAO concludes that neither FIPOI’s financing for the next ten years nor its self-financing from 2036 onwards are assured. Depending on developments on the ground and strategic decisions taken by the Board of Trustees, additional financing might be required from the founders in connection with even the next dispatch.