Switzerland may contribute more to the IMF
A House of Representatives committee has come out in favour of Switzerland participating in rescue measures of the International Monetary Fund (IMF).
This finding, announced on Tuesday, endorses the views of the Swiss cabinet and Senate.
The House’s foreign affairs committee voted 14 to 9 with one abstention in favour of Switzerland supporting the revised New Arrangements to Borrow (NAB) scheme.
The aim is to help the IMF cope better with countries which run into problems on the financial markets.
According to the committee’s president, Switzerland has a significant interest in a stable international monetary system.
If the House follows the committee’s recommendation, Switzerland will increase its contribution from SFr2.5 billion ($2.56 billion) to about SFr18 billion. The NAB itself is to grow from $50 billion to $540 billion.
The House will decide on the issue during its March session.
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at email@example.com.