Switzerland creates a finance institution for economic cooperation and development
Bern, 5.3.2010 - Switzerland is contributing to facilitating access to long-term finance for SMEs in developing countries and countries in transition. On 5 March 2010, the Swiss Federal Council took the decision to establish the development finance institution SIFEM AG (Swiss Investment Fund for Emerging Markets), which will have the mandate to manage investment operations in relation to economic cooperation and development. This new structure will be set up as a revolving fund.