Switzerland’s commitment to humanitarian aid, peacebuilding efforts, and support for Ukraine will remain unaffected by the cuts.
In what comes as a double blow to Bangladesh, the Swiss government also decided to cut foreign aid to Dhaka following Trump's action to halt support for the South Asian country. The decision will also impact two other countries—Albania and Zambia.
These reductions will affect bilateral, economic, and thematic cooperation, as well as multilateral organisations
The head of Bangladesh's interim government, Nobel laureate Muhammad Yunus, said on Thursday that his country's high growth under ousted Prime Minister Sheikh Hasina was "fake" and faulted the world for not questioning what he said was her corruption.
Bangladesh interim government chief adviser Professor Muhammad Yunus on Wednesday sought support from foreign friends to bring back billions of dollars stolen from the country as he spent a busy day at the World Economic Forum in Davos,
Federal Councillor and head of the Swiss Federal Department of Foreign Affairs (FDFA) Ignazio Cassis has reaffirmed Switzerland's support to Bangladesh during this "important phase of transition" with an interim government headed by Prof Muhammad Yunus.
Bangladesh Chief Adviser, Professor Muhammad Yunus, participated in at least 47 formal events at the WEF, including with four heads of government or state.
Chief Adviser Prof Muhammad Yunus on Saturday arrived in Dhaka from Switzerland after attending the World Economic Forum's annual meeting in Davos where he was hailed as a "beacon, hero and an amazing image of stability.
Or it risks undoing good work begun to reform nation’s broken justice system and other state institutions, watchdog group says in report.
The Federal Council, Switzerland's executive body, was notified of the cuts to international cooperation on Wednesday. As a result, the Swiss Agency for Development and Cooperation (SDC) will end its bilateral development programmes with Albania, Bangladesh and Zambia by the end of 2028.
DAVOS (Switzerland), Jan 24, 2025 (BSS) - Chief Adviser Professor Muhammad Yunus has stressed the need for establishing a mechanism so that everyone in Bangladesh can vote freely and fairly, without any interruptions or threats.
DAVOS (Switzerland), Jan 24, 2025 (BSS) - World Trade Organisation Director General Dr. Ngozi Okonjo-Iweala today said the global trade body would help Bangladesh graduate smoothly from Least Developed Country (LDC) and persuade top businesses to shift their supply chains to the South Asian nation.