Subsidy audit COVID-19 measures in developing countries - Swiss Agency for Development and Cooperation
Audit number: 22204
In April 2020, the Swiss Agency for Development and Cooperation (SDC) responded to the call from the G20 and the United Nations (UN) system to adapt its international cooperation activities to the COVID-19 pandemic. Initially, additional funds were allocated to multilateral organisations in the health and humanitarian fields. The Federal Council allocated CHF 332.5 million in May 2020: CHF 57 million to the COVID-19 Tools Accelerator (ACT-Accelerator), CHF 200 million as a loan to the International Committee of the Red Cross, CHF 25 million to an International Monetary Fund assistance fund and CHF 50.5 million to international humanitarian organisations (IHO). In May 2021, the SDC granted CHF 226 million in additional credit to the ACT-Accelerator.
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Archive international relations