Swiss Gov't Seeks to Invest $1.9Bln in African Development Bank to 'Strengthen Influence'

NAMPA / Sputnik

2025-04-30

GENEVA, April 30 (RIA Novosti) - The Swiss authorities are planning to invest 1.56 billion Swiss francs ($1.89 billion) in the African Development Bank to boost the country's influence in the bank, the Swiss Federal Council said on Wednesday. "The Federal Council wants to contribute towards increasing the guarantee capital of the African Development Bank [AfDB]. It is requesting Parliament to approve a guarantee credit of CHF 1.56 billion, as......

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