International cooperation

Switzerland to contribute to capital increases to development banks

Switzerland to contribute to capital increases to development banks

Switzerland intends to contribute CHF 297 million to capital increases at the World Bank Group WBG and the African Development Bank AfDB, They support developing countries by granting loans and providing technical assistance. The Federal Council adopted the relevant dispatch on 19 February 2020.

WTO

Preparations launched for 12th WTO Ministerial Meeting in June 2020

Preparations launched for 12th WTO Ministerial Meeting in June 2020

At the invitation of Federal Councillor Guy Parmelin, a group of ministers responsible for World Trade Organization matters and WTO General Director Roberto Azevêdo met in Davos on 24 January to discuss and define their priorities for the 12th WTO ministerial conference to be held from 8 to 11 June 2020 in Nur-Sultan, Kazakhstan.

External affairs

Federal Councillors Parmelin and Maurer meet with Chinese Vice Premier

Federal Councillors Guy Parmelin and Ueli Maurer – who are, respectively, the head the Federal Department of Economic Affairs, Education and Research (EAER) and the head of the Federal Department of Finance (FDF) – met with China’s First Vice Premier Han Zheng. The meeting took place in Rüschlikon at the launch of a capacity-building platform that has been set up as part of China’s Belt and Road Initiative (BRI).

 

Economy

Average annual inflation of +0.4% in 2019

Average annual inflation of +0.4% in 2019

The consumer price index (CPI) remained stable in December 2019 compared with the previous month, remaining at 101.7 points (December 2015 = 100). Inflation was +0.2% compared with the same month of the previous year. The average annual inflation reached +0.4% in 2019.These are the results of the Federal Statistical Office (FSO).

Press releases

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Twitter EAER

The Federal Councillor

Welcome to the Federal Department of Economic Affairs,
Education and Research!

Federal Councillor Guy Parmelin

https://www.wbf.admin.ch/content/wbf/en/home.html