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Government considers increasing Swiss contribution to IMF

National News // Feb. 13, 2020

Parliament is to debate doubling the amount of money Switzerland pays into the IMF emergency bailout fund.

Pixabay Government considers increasing Swiss contribution to IMF

At a meeting at the end of last year, the International Monetary Fund agreed to increase the amount available from USD 250bn to 500bn.

The government is asking parliament to increase the Swiss contribution from CHF 7.7bn to CHF 15bn.

The IMF is considered the lender of last resort and will release cash if needed to stabilize national economies.

The government says problems in other countries can have a negative effect on the Swiss economy especially the strength of the franc which is often used as a safe haven currency by international speculators.

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