The Swiss Parliament unanimously adopted the Federal Act on the Development Finance Corporation SIFEM in its summer session 2024.
The Swiss Parliament unanimously adopted the Federal Act on the Development Finance Corporation SIFEM in its summer session 2024.
With this new act, the existing regulations at the level of ordinance will be transformed into law. Jörg Frieden, Chairman of the Board of Directors of SIFEM, commented: “We are very pleased with this clear result: it represents trust and support for our activities.” The law is expected to come into force on 1 January 2025.
Below you can find the law (available in French, German and Italian):
SIFEM contributes USD 15 million to the fund allowing it to reach target fund size and supporting infrastructure and climate projects in Colombia and Peru.
SIFEM contributes USD 15 million to the fund allowing it to reach target fund size and supporting infrastructure and climate projects in Colombia and Peru.
