Switzerland to End Bilateral Development Programs in Bangladesh, Albania, and Zambia by 2028

Daily Current Affairs / Switzerland to End Bilateral Development Programs in Bangladesh, Albania, and Zambia by 2028

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Category : International Published on: February 04 2025

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Switzerland has decided to close its bilateral development programs in Bangladesh, Albania, and Zambia by 2028 due to cuts in foreign aid.
The Swiss Parliament has reduced the international cooperation budget for 2025 by CHF 110 million ($121 million) and cut CHF 321 million from the financial plan for 2026-2028, which will affect bilateral, economic, and multilateral cooperation.