Switzerland to provide CHF 400 million in support of international action to combat the coronavirus
Bern, 30.4.2020 - Developing countries are particularly vulnerable to Covid-19. The pandemic is compounding an already precarious situation in countries beset by poverty, armed conflict or natural disasters. To mitigate the consequences of the pandemic, the Federal Council has decided to provide the International Committee of the Red Cross (ICRC) with a CHF 200 million interest-free loan and to contribute CHF 25 million to an IMF rapid credit facility to help countries address the pandemic. A further CHF 175 million is to be allocated to help strengthen internationally active organisations and international cooperation to tackle the Covid-19 pandemic. With these funds, Switzerland is showing solidarity during the global crisis.