Switzerland supports development banks in reducing poverty and dealing with crises
Bern, 27.5.2020 - Switzerland is to contribute CHF 879 million to the coffers of the International Development Association (IDA/World Bank) and of the African Development Fund (ADF) to help fight poverty, promote sustainable development and deal with the health, social and economic impacts of the COVID-19 crisis on the world’s poorest countries. Switzerland is also contributing CHF 115 million to the Multilateral Debt Relief Initiative (MDRI). These decisions were taken by the Federal Council on 27 May.